Izera is back. There is a decision regarding billions from the KPO for a Polish electric car
“In the competition for the Support Instrument for a low-emission economy, a ranking list was selected, which includes two entities: PowerUp Hydro Tech and Electromobility Poland. The next stage will be to start the process of negotiating the terms of capital involvement” – informed the National Fund for Protection and Environment.
EMP received a positive recommendation
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NFOŚiGW / NFOŚiGW
This is an introduction to the final investment agreement, which will involve the payment of funds.
“The decision of the National Fund for Environmental Protection and Water Management is a very important milestone providing the financial foundation for the implementation of the investment that the company has been seeking for many years. This decision opens the way to negotiations and signing an investment agreement, and in the next step, completing the financial assembly process for the entire project. The new investment agreement will also enable the completion of negotiations regarding a strategic partnership with a global automotive company,” said Tomasz Kędzierski, president of the management board of ElectroMobility Poland SA, quoted in the EMP release.
The company emphasizes that “this assessment confirms that the analyzes constituting the foundation of the production and development hub concept enable the investment to be carried out on market principles.” He adds that the main assumption of the project is to operate in an optimal formula, both from the point of view of commercial success, and at the same time implement the state's industrial policy, which will enable the development of the automotive sector in Poland in the long term.
The article is being updated.
