$3.3B PGE Coal Plant Project Revived By Mining Co.

Law360, New York (June 27, 2013, 3:56 PM EDT) -- Just three months after Polish power company PGE Capital Group SA scrapped its plans for an 11 billion zloty ($3.3 billion) coal-fired plant, the project has been revived by new investments from a Polish coal mining firm, according to Thursday statements.

Per a newly inked letter of intent, mining company Kompania Weglowa SA has agreed to study the economic and legal possibilities of a long-term contract to supply coal to the power plant and may join in as an equity partner to the Opole II company...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.