New Coal Company uprising to end of August – Gazeta.pl

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term the creation of a company to be set up on the basis of the Coal Company and the composition of which will be entered 11 mines, originally scheduled for June. During yesterday’s press conference the president of Sędzikowski assured that the end of August this deadline. He stressed that the program was able to pay with repaired in July salaries and fourteen, and are also not threatened the August salary. Later, however, run out of money at the box office, so the new company has created in this period.

Talks with investors last

Who would co-create Coal Company New? That is still not known. The only certainty so far is Węglokoks state, which has already passed KW zł 500 million as an advance payment for the acquired mines. Sędzikowski did not say whether the project will engage either with the energy companies, whether it will be only Polish Enterprises Investment Fund co-financed by the Bank Gospodarstwa Krajowego and the Polish Investment and Development. – There are several candidates for investors. We are very advanced talks. Until the end of July should provide some kind of offers developed based on research conducted by these companies – said only Sędzikowski. He stressed that – to New Band could emerge and achieve profitability – the need for 1.5 billion zł. It was such an amount would put investors. Not immediately the full amount. By the end of the year need 800 million zł, and by the end of the first quarter 2016 years further 700 million zł.

State aid enough?

This may indicate that KW is sufficient to save only the involvement of Polish Enterprises Investment Fund, because of the Government’s Programme for the region that BGK and PIR have put this project together was 1.5 billion zł.

In this arrangement, the entire amount needed to rescue KW so would come from state money, which may explain the peace and security of the President Judges pytanego of risk, whether the new company would not arise in the period. – I can not imagine it. I believe that the risk is low – said the president.

Why do so many look for?

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