Engie has confirmed its wish to sell its Polaniec coal-fired power plant, in a deal reported to be around $567m.

Puls Biznesu newspaper had earlier reported that Engie had put its assets in Poland up for sale, including the 1800 MW coal-fuelled power plant in the south-eastern town of Polaniec.
Polaniec coal-fired power plant
A spokesperson for the French company said Engie had decided at the end of January to invite potential investors to express their interest in the Polaniec power plant assets as part of a strategic review of the firm’s holdings.

Engie plans some 10 billion euros worth of asset sales by 2018, including fossil-fuel fired power generating plants, as it refocuses on gas networks, renewables and energy services.

Polaniec constitutes around 5.5 percent of power capacities installed in Poland and is the fifth electricity producer in the country.