EC clears EUR-1.2bn Polish scheme to aid net-zero equipment
Sep 19, 2024 8:42 CESTEIB may lend EUR 120m for biomass power unit in Poland
(ADPnews) – May 9, 2011 - The European Investment Bank (EIB) said on Friday it is considering providing a EUR 120 million (USD 173m) loan to the Polaniec power plant in Poland for the construction of a biomass power unit.
The project concerns the replacement of a coal-fired boiler in the Polaniec plant with a new fluidised-bed boiler designed to combust 100% biomass. The existing steam turbine and generator will be refurbished and allow the production of around 200 MWe.
The total cost of the project is EUR 240 million.
(EUR 1.0 = USD 1.44)
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