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Poland's Enea says plans to spend $4.6 bln by 2020

Published 2015-09-14, 03:13 a/m
© Reuters.  Poland's Enea says plans to spend $4.6 bln by 2020
ENAE
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LWBP
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WARSAW, Sept 14 (Reuters) - Poland's third biggest power
producer Enea ENAE.WA plans to spend 17 billion zlotys ($4.59
billion) in 2015-2020 that would be covered from own sources and
debt, the company said in an updated strategy published on
Monday.
The state-run utility said it planned to base its strategy
on takeovers. Already on Monday morning it announced plans to
buy a majority stake in its main coal supplier Bogdanka
LWBP.WA . ID:nW8N112014
Enea also wants to develop its generation capacity, by
adding 1,075 megawatts (MW) to its output by 2017 and additional
500 megawatts in renewable sources of energy by 2020.
($1 = 3.7036 zlotys)

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