Stora Enso Invests E137 Million to Build New Power Plant in Poland
Posted on: Monday, 3 November 2008, 09:00 CST
Stora Enso has announced that it is investing E137 million in building a new power plant at the Ostroleka Mill site in Poland. The power plant project is scheduled to start immediately and is expected to be completed in the third quarter of 2010.
The new power plant, which will be able to use multiple fuels, will improve Ostroleka Mill's energy self-sufficiency and efficiency, helping reduce CO2 emissions. The aim is to increase biofuel usage depending on its availability.
With the new power plant, the self-sufficiency factor will be about 65% in electricity and 100% in steam production. The power plant investment is expected to further improve the cost competitiveness of Stora Enso's operations in Poland.
Veli-Jussi Potka, executive vice president of Stora Enso Industrial Packaging, said: "This investment supports Stora Enso's strategy of maintaining profitable growth in the rapidly growing Central and Eastern European market, especially in the corrugated packaging business in Poland and Russia. The new power plant will provide a competitive power supply meeting Stora Enso's long-term needs."
Source: Datamonitor
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