PGPKY PGE Polska Energetyczna SA (PK)

WARSAW--Poland's treasury ministry plans for the copper miner KGHM Polska Miedz SA (KGH.WA) and a state investment vehicle PIR to help build a power plant in Opole, Dziennik daily wrote Monday quoting unnamed sources.

KGHM for years has declared its interest in the energy sector--it bought a minority stake in Tauron Polska Energia (TPE.WA) utility, and planned to build a gas-fired plant together with Tauron.

Plans to build two new coal-fired power units in Opole worth over 11 billion zlotys ($3.3 billion) hit rocky waters as the country's top utility, state owned PGE (PGE.WA) decided to scrap the project due to low electricity prices.

Prime Minister Donald Tusk said last week the government will find a way to build the Opole plant, which is seen as necessary to replace current aging power plants.

Write to Patryk Wasilewski at patryk.wasilewski@dowjones.com

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