Gliwice Energoprojekt power plant wins "Be Inspired" in USA

Energoprojekt Gliwice, an engineering company providing solutions for traditional power generating sector based on fossil fuels and developing solar energy and bioethanol fuel producing plants, won an award in the Power Generation category in the prestigious "Be Inspired" competition for the most innovative infrastructure project organized by Bentley Systems USA, wnp.pl reports.

Energoprojekt Gliwice based in the southern industrial basin of Silesia, was awarded for their design of a heat-generating solar power plant PS-20 in Sanlucar la Mayor (Spain). Over 250 projects were entered for this year’s competition.

PS-20 is a solar power plant built in tower technology for Abengoa corporation in Spain. 1,255 mirrors, each with a surface of 120m2, follow the sun and focus solar energy on a steam-generating bank of a solar boiler placed in the upper part of the 162-meter-high installation. Saturated steam produced from a stream of concentrated solar energy is sent to a turbine where it expands generating electric energy. To guarantee continuous operation the system is equipped with a steam accumulator which allows it to work for almost an hour in cloudy weather.

PS-20 is one of the plants of the Solar Platform which should be completed in 2013 and is expected to produce enough electricity from solar energy to cover the needs of 180,000 houses and apartments in Seville located 25 kilometres away. Energoprojekt Gliwice is an active partner in the innovative project, wnp.pl informs.

Polish Market

ECONOMIC MONITOR

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• ● In December 2009 and January 2010, as in previous months in the second half of 2009, the Polish economy stood out against other countries in terms of GDP growth. Poland’s economic growth was higher than projected and higher than in other European countries.
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• In 2009 construction output increased by 3.7%.
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• Retail sales increase in most product groups.
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• On the Warsaw Stock Exchange, stock prices were very volatile in January 2010.
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• At the end of December 2009 the registered unemployment rate (claimant count rate) amounted to 11.9% versus 11.4% in November.
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• At the end of January the president signed the 2010 budget bill into law. The bill was adopted by the parliament on December 18.
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• In the fourth quarter of 2009 the Polish economy turned out to be more resistant to the global crisis than had been projected and than the economies of Polish neighbours, something which boosts optimism in forecasts for 2010 and the next years.
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WEEKLY MARKET ANALYSIS

Retail sales up again in June
Retail sales growth in nominal terms accelerated in June to 6.4% y-o-y from 4.3% y-o-y in May. The increase was higher than expected. In real terms, retail sales growth accelerated to 4.5% y-o-y from 2.0% y-o-y. June was a consecutive month with retail sales figures stronger than expected, which indicates that consumption is recovering after it slowed significantly at the beginning of the year. Private consumption is driven by an improvement on the labour market coupled with a rise in disposable incomes. In Q2 2010 retail sales grew by around 3% y-o-y in nominal terms and around 1% y-o-y in real terms. On the basis of retail sales and industrial production data, it can be estimated that the GDP growth rate was close to 3%.

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