BELARUS NEWS AND ANALYSIS

DATE:

05/05/2010

Kulczyk plans massive energy investment

Famed Polish investor Jan Kulczyk wants to create a private energy consortium, which could then be used as a springboard to consolidate energy utilities across Central Europe.

Energy firms across Poland, Belarus and Ukraine will be particularly important investments for the venture. It is still unclear whether Gdansk-based Energa, a state-owned utility, will become the anchor of this package.

The Treasury is currently looking for a majority buyer of Energa amid ongoing government privatization efforts. Mr Kulczyk says Energa's production capacity could be boosted thanks to partnerships around a new coal power plant in the region.

Source:

http://www.wbj.pl/article-49500-kulczyk-plans-massive-energy-investment.html?typ=pam


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