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Article

1 Aug 2019

Author:
Reuters

Polish court ruling undermines Poland's last coal power plant plan

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A Polish district court has ruled as invalid last year’s decision by state-run utility Enea (ENAE.WA) to join a project to build a 1 gigawatt (GW) coal-fueled power plant in cooperation with peer Energa (ENGP.WA), Enea said on Thursday. (...)

Shares in Enea and Energa were more than 2% higher by 1032 GMT.

“This is a clear signal and major opportunity for the companies and for the industry at large,” said Marcin Stoczkiewicz, the head of ClientEarth Poland.

“Enea and Energa need to look at what the future of energy is in Poland. There is vast employment potential in cheaper, domestic renewables.”