P&T Technology AG
P&T Technology AG english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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P&T Technology Enters the polish market / Wholly-owned Subsidiary P&T
Technology Polska founded in Posnan / Sales of DM 300 Million Announced /
Construction of First Windpark in 2001
The windpark developer P&T Technology AG, Hamburg, listed on the Neuer Markt,
is entering the growth market of Poland and with that further expanding their
international position. P&T has already concluded leases for the construction
of a total of 150 Megawatt (MW). The sites are primarily located in the windy
eastern coastal areas of the country. A sales volume of about DM 300 million is
to be expected through these projects. The newly founded wholly-owned
subsidiary P&T Technology Polska Sp.z.o.o., head-quartered in Posnan, will be
responsible for the local market. Along with the conclusion of the leases the
Hamburg windpark experts have also obtained the approval of the Polish
communities effected.
The beginning of construction for the first P&T windpark in Poland is expected
in the course of this year. The building permit for a 4 MW project near
Kolobrzeg on the eastern coast has already been granted. It is expected that
the rapid realization of the other projects will begin in 2002.
The general conditions for the expansion of renewable energies have changed
dramatically in the last few years in Poland. They are actually better than in
some western European countries. The public utilities (PU) are legally bound to
cover 2.5% of their electrical requirements through regenerative sources. At
present this still requires that they acquire the major portion of this from
neighbouring countries. For that reason the Polish energy market is very
interested in the professional development of windparks in their own country
and there are intensive negotiations with P&T Technology AG. With the
commitment to Poland, P&T Technology continues to pursue their object of
foreign growth.
Contact:
P&T Technology AG
Dr. Carsten Weimann
An der Alster 3
20099 Hamburg
cweimann@pt-technology.de
www.pt-technology.com
Tel: (040) 28 40 65-0
Fax: (040) 28 40 65-25
end of ad hoc announcement (c) DGAP 07.06.2001
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WKN: 685 280; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Stuttgart, München, Berlin,
Bremen, Hamburg, Hannover, Düsseldorf
070731 Jun 01
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