Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Iberdrola Bids 1.6 Billion Zloty to Build Power Plant

(Corrects weighting of price in decision in last paragraph.)

Dec. 14 (Bloomberg) -- A group including Iberdrola SA of Spain placed a lowest bid to build a power plant in the Polish eastern city of Stalowa Wola, Deputy Chief Executive Officer Radoslaw Dudzinski of Polskie Gornictwo Naftowe i Gazownictwo SA, one of the investors, said in Warsaw today.

Iberdrola bid 1.6 billion zloty ($455 million) to build a 400-megawatt, gas-fired facility that a joint venture of Gornictwo, Poland’s dominant gas company, and power utility Tauron Polska Energia SA plans to build by 2014, Dudzinski said.

Price has an 80 percent weighting in the decision, Dudzinski said, adding that the Iberdrola bid is within the 1.9 billion-zloty budget set for the investment.

Link to Company News:{GE US <Equity> CN <GO>} Link to Company News:{IBE SM <Equity> CN <GO>} Link to Company News:{MT IM <Equity> CN <GO>} Link to Company News:{PGN PW <Equity> CN <GO>} Link to Company News:{PXM PW <Equity> CN <GO>} Link to Company News:{TPE PW <Equity> CN <GO>} Link to Company News:{PBG PW <Equity> CN <GO>}

To contact the editor responsible for this story: Maciej Martewicz at mmartewicz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.