Norton Rose Fulbright advises Polish state-owned investment vehicle on financing of a new gas-fired CHP plant in Toruń, Poland

Business October 2, 2015

Warsaw: Global legal practice Norton Rose Fulbright has advised Polish state-owned investment vehicle Polskie Inwestycje Rozwojowe S.A. (PIR) on the financing of construction of a new gas-fired CHP plant in Toruń, Poland.

On 30 September 2015 EDF Polska and a fund managed by PIR - Fundusz Inwestycji Infrastrukturalnych - Kapitałowy Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych (FIIK), which is handling the capital for the “Inwestycje Polskie” programme – signed an investment agreement for financing of the construction of a new gas-fired CHP plant.

FIIK will become part of the SPV set up by EDF Polska to handle the investment. The total cost of construction of a new gas-fired CHP plant is estimated to be PLN 550m, of which PLN 275m will be covered by PIR, from the “Inwestycje Polskie” programme fund. The new gas-fired CHP plant is due to be commissioned in the first half of 2017. 250 people will be employed in the investment.

The Norton Rose Fulbright team advising on this transaction was led by Rafał Hajduk, partner and head of the Warsaw energy and infrastructure practice, assisted by Artur Jończyk (of counsel), R. Adam Kozłowski (of counsel) and Grzegorz Filipowicz (senior associate).

For further information please contact:

Marta Albrecht-Niedziałek, Business Development Executive
Mob: +48 603910062
marta.albrecht-niedzialek@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global legal practice. We provide the world’s pre-eminent corporations and financial institutions with a full business law service. We have more than 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.

Law around the world
nortonrosefulbright.com