Polish utilities suspend work on 1GW Ostroleka coal plant

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:Polish state-run utilities Energa and Enea have suspended financing of their joint project to build 1 GW power plant in Ostroleka, which could freeze construction works which have already started, they said.Construction of the plant, which was supposed to be Poland’s last coal-fired one, has already started, but Energa and Enea have not yet secured full financing as banks have shied away from backing such projects for environmental and sustainability reasons.Poland’s biggest oil refiner, state-run PKN Orlen, which in December announced plans to take over Energa, signaled that it may opt to replace coal with less carbon-heavy gas as a fuel source for the plant which is built in north-east Poland.Energa and Enea said that PKN Orlen’s plans as well as EU climate policy and a shift in European Investment Bank financing policies have all had an impact on the decision to suspend the project.“The decision to suspend financing the project could also result in suspending the construction works,” the companies said in a statement.The agreement signed with contractors – GE Power and Alstom Power Systems – allows for suspending the construction for up to 90 days. Construction works at Ostroleka were advanced in 5% as of end of January.[Agnieszka Barteczko]More: Polish utilities suspend coal-fueled plant project Polish utilities suspend work on 1GW Ostroleka coal plantlast_img read more

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Nigerian president Muhammadu Buhari on official visit to USA

first_imgPresident Muhammadu BuhariNigerian President Muhamadu Buhari is in the United states for an official visit being hosted by president Barack Obama.Buhari began his four day  day visit in Washington on Sunday where he is expected to hold talks with the President Barack Obama.The two leaders will talk about the  threat posed by Islamist extremist group Boko Haram among other issues facing the new government of President Buhari.The U.S. is seeking to  assist Nigeria in dealing with the menace that is Boko Haram, the militants, who have intensified their attacks since Buhari took office in May.The two heads of state will also likely discuss proposed political and economic reforms in Nigeria aimed at ending widespread corruption.President Buhari has been accompanied by a 33-man delegation, who will hold consultations with their U.S counterparts, and other events, aimed at building strong Nigeria-U.S relations.Also up for discussion during the visit is how the United States would help Nigeria track billions of stolen assets and increase U.S military assistance.This is Buhari’s first visit to Washington since winning the presidential election in March and assuming office in a rare peaceful transfer of power in Nigeria.Both the U.S. and Nigeria appear eager to improve relations after years of strained ties under President Goodluck Jonathan.Nigerian officials turned down some of the assistance the U.S. offered to combat Boko Haram, even after the militant group sparked international outrage with the kidnapping of more than 200 schoolgirls in May 2014.last_img read more

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