Business & Finance

PGE seeks $134.5m in penalties from Alstom

Published Updated

PGE said it had presented the Alstom consortium with a note calling for it to pay a total of 257.7 million zlotys ($75.6 million) and 44.3 million euros ($58.9 million) within 14 days.

PGE said the facility was launched in late September, five months behind schedule. Alstom had no comment.

Alstom earlier this week challenged a PGE decision to pick a $3.5 billion offer by a Polish consortium to build two power units in the south west of the country.

Copyright Reuters, 2011