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Energa to look for damages for stopped working Ostroleka C task

Energa, an unit of Polish refiner, Orlen, is seeking to pursue compensation claims for damage triggered by individuals associated with the choice associated to the construction of a coalfired unit, the 1,000 MW Ostroleka C task, the business said on Thursday.

The decision was made by the management board of Energa after evaluating the viewpoints from external law firms, which suggest the project caused the company significant financial damage.

Energa will request that the basic meeting adopts proper resolutions so the company can take, in court or out of court, all actions to pursue its claims.

In 2020, Elektrownia Ostroleka sp. z o.o. informed that it booked write-downs on the company's fixed properties to the quantity of 1.03 billion zlotys. Initiated by Energa in 2009 and restored in 2016, the job faced financial concerns and criticism over potential abuse of public funds. The fuel source was reevaluated to be gas, rather of coal, following Orlen's takeover of Energa in 2020 due to increasing carbon license prices. This has actually led to financial implications and ongoing conflicts.

(source: Reuters)