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EU funds for the Polish power sector

Wyślij Print Pobierz added: | 2014-11-14 11:16:12
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Reports on TVN state that the Polish energy sector is about to have PLN 100 bln pumped in as a result of the recent climate EU negotiations.

Reports on TVN state that the Polish energy sector is about to have PLN 100 bln pumped in as a result of the recent climate EU negotiations.

The station states that the European Union agreed last week to reduce CO2 emissions by 40 percent by 2030 (compared to 1990), however nations such as Poland are to receive significant sums in order to help buffer the costs.

The Ministry of Finance issued a statement saying “The results of the negotiations are a something to be proud of” and highlighted that the primary objective of the talks were to gain aid which will not hinder the country’s economic growth and development.

“From the energy sector’s point of view, it was essential to receive help that will minimise the risk of rising electricity prices but at the same time enable modernisation. And it worked. After 2020, the Polish energy sector will benefit from a pool of free allowances and this is all money which will push our economy forward,” says the Ministry.

It added that firms such as PGE, ENEA, Tauron and Energa will be able to “execute large investment programmes while ensuring safe and stable operations with the Polish power network”.

 

Source: http://www.newpolandexpress.pl/polish_news_story-6951-eu_funds_for_polish_power_sector.php





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