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Fears and reassurances over PPC's dire finances
The loosening of this reliance on lignite came in the form of selling two of PPC’s plants, which account for 40 percent of the energy produced from this form of coal. The first round attracted no binding bids in February, possibly signalling that investors have lost their appetite for outdated units at a time when the environmental impact of dirty energy is more apparent than ever. A second tender is underway and binding offers are expected by May 28.
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