Both the parties signed a joint venture agreement setting out terms for co-operation. RWE will be the majority shareholder with a 75% stake. Technically the unit is a twin of the power plant being constructed by RWE in Hamm, Germany.
The plant is expected to emit reduced amounts of CO2 and significantly enhance Poland’s power supply security. The plant will be located on the premises of the former Piast Ruch-2 coal mine owned by Kompania Weglowa in the village of Wola and is scheduled to come on-stream in 2015.
Kompania Weglowa has taken on a key role in the project. It is providing the site, the infrastructure during the construction phase and the hard coal for the plant.
Juergen Grossmann, CEO of RWE, said: Poland is one of our core markets. This modern and efficient power plant is a key investment for us. I am very pleased that we have found such a professional partner in Kompania Weglowa.
