After nine months of negotiations, the energy giant Enea has finally secured financing for the construction of its coal plant in Kozienice, a project worth PLN 6bn. “We have been seeking a flexible model that would provide financing for our entire strategy. We were also looking for a partner, who would be prepared for the different forms of cooperation, including potential ownership changes,” said Enea chairman Maciej Owczarek.
Ultimately, Enea wants to raise PLN 4bn on the capital markets through bonds that were taken by five banks: PKO, Pekao, BZ WBK, Bank Handlowy, and Nordea Bank Polska. The remaining PLN 2bn is coming from EU institutions, the company announced, as talks on the grants are now underway with the European Investment Bank and the European Bank for Reconstruction and Development.
The model of the financing Enea has selected is very complicated, says Mateusz Morawiecki, the chief of BZ WBK, though it could become a benchmark for major infrastructure investments.
