RWE renames Polish subsidiary as part of wider strategy

1 October 2008 - Yesterday German utility major RWE Energy announced that its subsidiary, RWE Stoen, is changing its name to RWE Polska as part of the company's wider development and expansion strategy in Poland.

RWE supplies almost one million customers in Poland with electricity, mainly around Warsaw. RWE Polska will now offer electricity throughout the country.

Furthermore, RWE is investing in environmentally friendly, low-emission power generation based on fossil fuels and renewable energy in the country.

In Silesia the company plans to partner with Kompania Weglowa, the country's largest coal mining company, to build what will reportedly be Poland's most modern hard coal power plant with an installed capacity of 800 MW, accounting for an investment volume of €1.5bn ($2bn).

Currently, two wind parks are being constructed with 80 MW of installed capacity, with plans to expand this generation capacity by 500 MW in the future.

Commenting on the announcement, Filip Thon, CEO of RWE Polska, said: "The Polish market is of great significance for RWE. Our investments have a total value of some €2.5bn, which makes RWE the largest single foreign investor in Poland."

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