industrialinfo.com - Poland Sees 20 Billion Euro Investment in Combined Heat and Power Projects

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Poland Sees 20 Billion Euro Investment in Combined Heat and Power Projects

GALWAY, IRELAND--November 19, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The Polish Ministry of the Environment recently announced that the country's power sector is likely to receive funding of about 20 billion euros ($30 billion) to build new combined heat and power (CHP) plants and refurbish existing facilities. Poland's efforts to increase the use of natural gas for power generation are part of the country's strategy to reduce greenhouse gas emissions. Industry observers have stated that Poland's per capita gas consumption is about 67% less than that of Western Europe. The country is also building a liquefied natural gas (LNG) terminal on the Baltic Coast, which is expected to begin operations by 2014.

Other companies featured: OAO Gazprom (OTC:OGZPY)

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Industry Segment: Power
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