EIB Pledges $181M For Polish Power Station

Law360, New York (May 14, 2013, 6:49 PM EDT) -- The European Investment Bank will loan about €140 million ($181 million) to a Polish contractor for the construction of a 450-megawatt, energy-efficient power station at the Stalowa Wola power plant in southeastern Poland, the bank said Monday.

Elektrocieplownia Stalowa Wola will construct a power plant, with a combined cycle gas turbine, adding to the power capacity of the Stalowa Wola plant, the bank said.

The EIB said it intends for the plant to provide electricity and heat to neighboring towns and local industries, beginning operations by...
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