Stora Enso to Build Power Plant at Ostroleka Mill in Poland
Nov. 3, 2008 - Stora Enso said that it will invest EUR 137 million in the contstruction of a new power plant at the company's
Ostroleka Mill site in Poland.
The power plant project is scheduled to start
immediately and to be completed in the third quarter of 2010, Stora Enso 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,” said
Veli-Jussi Potka, executive vice president of Stora Enso Industrial Packaging.
According to Stora, the new power plant, which will be able to use multiple fuels, will improve
Ostroleka Mill's energy self-sufficiency and energy efficiency, thereby reducing
carbon dioxide emissions.
When complete, the new power plant will contribute about 65% in electricity and 100% in steam production for the Ostroleka mill. The mill currently does not have its own power
SOURCE: Stora Enso