Poland’s Energa Plans $2.16B Investments

Energa is planning to invest $2.16 billion by 2015.

Energa is planning to invest $2.16 billion by 2015, Reuters reports. The Polish state-owned utility is looking to expand its power distribution network and roll out smart grid technology. The new investments will be possible due to funding from international financial institutions, said Rafal Czyzewski, head of Energa’s distribution unit. In 2010, Poland sold its 84% holding in Energa to another state-controlled utility PGE. The sale was blocked by the anti-monopoly watchdog UOKiK.

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