Poland To Sell 100-MW Hydro Plant to Czech Utility Co.

Law360, New York (June 5, 2012, 5:09 PM EDT) -- The Poland Ministry of Treasury has reached a preliminary agreement to sell a 100-megawatt hydroelectric power plant in southern Poland to Czech Republic-based utility company Energo-Pro SA, the Polish ministry said Tuesday.

Energo-Pro will acquire the Niedzica plant, located in the Pieniny Mountains in south Poland, through its subsidiary Cambert Investments Ltd. The Energo-Pro subsidiary will purchase an undisclosed number of shares in ZEW Niedzica SA, the financial entity that owns the plant, the ministry said.

The sale of ZEW Niedzica will be completed in the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.