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EIB supports construction of CHP station in Poland

The European Investment Bank (EIB) is to provide a €140 million ($181 million) loan to Elektrocieplownia Stalowa Wola for the construction of a combined cycle gas turbine power station.

The facility will have an electricity capacity of 450MWe, a heating capacity of 240MWh and is expected to be operational in the second half of 2015.

It will be built on an existing industrial site within the boundaries of the Stalowa Wola power plant in south east Poland, providing power to the grid and heat to neighbouring towns as well as industrial off-takers.

EIB promotes the development of sustainable and secure energy supplies. It was attracted to the project as the plant’s overall efficiency is reported to reach a level above the industry average, helping to reduce coal consumption at the Stalowa Wola power plant by 100,000 tonnes per year.