Kozienice Power Plant

Kozienice Power Station is a coal-fired thermal power station in Świerże Górne near Kozienice, Poland. Elektrownia Kozienice S.A., a subsidiary of Elektrownia Wytwarzanie, owns and operates the Kozienice Power Plant.

Background
It is Poland's second largest power station with an installed capacity of 2,820 megawatts (MW) (ten units). It is owned by Elektrownia Wytwarzanie S.A., the generation subsidiary of ENEA Capital Group, which is commonly referred to as Enea. It burns anthracite coal and was commissioned in 1973.

Expansion
Enea plans for an additional €1.3 billion coal-fired supercritical unit at the station with an installed capacity of 1000 MW. Construction will start in 2012. Enea group has also signed a PLN 22.5 million (€5.2 million) coal supply agreement with Lubelski Wegiel Bogdanka S.A. to supply coal from its Bogdanka coal mine. The supply agreement expires in 2036. In September Enea signed an agreement with Polimex and Hitachi to build the 1075 MW (gross) power station expansion.

In a September 2012 media release Enea stated that the expansion is scheduled to be completed in 2017. Funding for the project, Krzysztof Zborowski, President of the Board of ENEA Wytwarzanie S.A. and Vice-President of the Board of ENEA S.A., stated, would be from internal company funds "and its 10-year bond issue programme." In early September Enea announced that it had reached agreement with BRE Bank over the PLN 4 billion bond programme, with a minimum of 40 bond raisings being conducted for a minimum of PLN100 million each. Enea also announced that "an agreement on bond subscription guarantee concerning the programme was concluded on 8 September 2012 between ENEA S.A. and ENEA Wytwarzanie. The guarantee agreement will be in force to 15 June 2022 or till the date of bond redemption date."

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