Image : Tauron Polska Energia

Tauron hit by PLN 500 mln lawsuit by wind farm firm

WSE-listed, state-owned utility Tauron has been sued by wind farm company Gorczyca Wind Invest for terminating a long-term contract for the deliveries of electricity and green certificates by Tauron subsidiary Polska Energia – Pierwsza Kompania Handlowa.

Locked content Tauron sells €500 mln in 10Y bonds

WSE-listed power utility Tauron closed the sale of it €500 million10Y eurobonds, priced at 163 bps above mid-swaps, the company said in a market filing. The bonds have been purchased by over 30 investors, with nearly half of them from the UK, German investors took 14 percent, while domestic ones acq...

Locked content Tauron sued for PLN 1.2 bln

WSE-listed, state-controlled power utility Tauron was sued by the US utility Invenergy for PLN 1.2 billion over the termination of a 15-year-long contract for the deliveries of electricity and green certificates. Invenergy claims, that the deal, which was signed in 2010 with one of Tauron’s subsidia...

Locked content Tauron to offer €500 mln in bonds at 163 bps above mid-swaps

WSE-listed utility Tauron has set the terms for its €500 million eurobonds issue, priced at 164 bps above mid-swaps and with 2.375 percent coupon rate, the company said in a market filing. The bonds will mature in 10 years. The proceeds from the issue will be used to cover the company’s expens...

Locked content Tauron to issue €500 mln bonds

WSE-listed power group Tauron is preparing a €500 million bond issue, and has hired a number of banks to attract potential investors during a roadshow in Europe. A final decision to proceed will depend on market conditions, the company added. Tauron will try to sell the bonds on the London Stock Exc...

Locked content Tauron with PLN 880 mln in support from PFR for Jaworzno plant

WSE-listed, state-owned power group Tauron will receive PLN 880 million from state-run investment vehicle PFR to build the 910 MW coal-powered block in Jaworzno. In return, PFR will take a stake in the project, which according to Tauron will not exceed 50 percent. At the moment, the scheme is comple...

Locked content Kopex, Famur with PLN 227.7 mln deal with Tauron

A joint venture of WSE-listed mining equipment producers Kopex and Famur signed a PLN 227.7 million deal with state-owned Tauron power utility for construction of the Grzegorz mining shaft, company’s informed in a market filing. Kopex, the consortium’s leader, will receive PLN 172.9 mill...

Locked content Tauron looking for another investor for Jaworzno plant

WSE-listed power group Tauron will seek another, third investor for its planned construction of 910 MW coal-powered block in Jaworzno. At the same time, the company continues talks with state-run investment fund PFR about its participation in the scheme financing. “We don’t want to limit ourse...

Locked content Tauron with PLN 640 mln net Q1 net profit

WSE-listed power group Tauron posted PLN 640.54 million net profit, up from PLN 323.8 million y/y, and in line with the preliminary results. EBITDA stood at PLN 1.18 billion (PLN 873 million in 2016), while revenues amounted to PLN 4.59 billion, up from PLN 4.56 billion the year before. The net prof...

Locked content Tauron and Azoty plan coal gasification project worth €400-600 mln

State owned chemical group Azoty and power utility Tauron plan to develop a coal gasification project worth €400-600 million by 2019-20, companies said in a market filing. “The estimated value of the project will depend on the technology picked,” the companies said announcing that they signed a lett...