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EBRD May Lend $257M For Polish Project
European Bank for Reconstruction and Development is likely to grant a $257.2 million loan to a joint venture of Polish gas monopoly PGNiG and utility Tauron.
European Bank for Reconstruction and Development(EBRD) is likely to grant a $257.2 million loan to a joint venture of Polish gas monopolyPGNiGand utilityTauron,Reutersreports. The funding will be provided for the groups joint gas-fired power operations.
The credit facility will help build and run a combined cycle gas turbine unit, which will be situated in Stalowa Wola in Poland. The project is set to be completed in the next three years.
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