KGHM Fund to Invest $312 Million in Renewable Energy, PAP Says

Author: Spencer Ogden
Date posted03/Nov/2011
Author: Spencer Ogden

KGHM TFI, a fund unit of Poland’s sole copper producer KGHM Polska Miedz SA (KGH), plans to invest as much as 1 billion zloty ($312 million) in renewable energyprojects within 18 months, the PAP newswire reported, citing Chief Executive Officer Marcin Chmielewski.

The fund aims to get half of the financing from external investors and half from its parent company, the CEO told PAP.

TFI is conducting due dilligence processes on wind farms of capacity of about 150 megawatts and is also looking at biogas plants, the newswire said, citing Chmielewski.