Locked content PGG signs PLN 2.2 bln coal supply deal with Tauron

WSE-listed electricity provider Tauron signed a PLN 2.15 billion deal with coal miner PGG on coal supplies for the 2018-2021 period, Tauron said in a market filing. “The price of coal was determined for the first annual period of the contract, while in subsequent years it will be indexed based on th...

Locked content PGNiG, JSW, Tauron, PGG sign methane production deal

WSE-listed, state-owned companies PGNiG, JSW, Tauron, and PGG signed a framework agreement to develop methane production from coal beds. PGNiG alone plans to spend PLN 300 million within the next three years on the project. The companies hope to increase domestic natural gas production, reduce the c...

Locked content Tauron extends talks with PFR on Jaworzno project

WSE-listed power utility Tauron extended the deadline for negotiations with state-run development fund PFR for another two months regarding the investment in the Tauron’s Jaworzno plant. Back in June, PFR said it can invest up to PLN 880 million to aid the construction of the new 910 MW block in Jaw...

Locked content Torpol with PLN 367.3 mln deal with Tauron

WSE-listed construction firm Torpol signed a PLN 367.3 million net contract for design, construction, and launch of a rail system for the new power block at Tauron’s Jaworzno plant, company said in a market filing. The new railway line will connect the 910 MW block with Tauron Wydobycie, which...

Locked content Tauron picks Torpol for PLN 367 mln contract

WSE-listed railway infrastructure builder Torpol won the tender organized by WSE-listed utility Tauron for design, construction, and launch of a rail system the new power block at the Jaworzno plant. The value of the deal is PLN 367.28 million net (PLN 451.75 million gross), and Torpol was the only ...

Locked content Tauron posts net profit for Q3 at PLN 189

Energy firm Tauron Energia recorded PLN 189 million in net profit in the third quarter of 2017 and PLN 343 million in operating profit, the company stated citing preliminary data. The firm’s revenue stood at PLN 4.12 billion in Q3 of this year. Tauron estimates coal production of 1.36 million tonnes...

Locked content Tauron with PLN 400 mln hybrid financing from BGK

WSE-listed utility Tauron secured PLN 400 million in hybrid financing from state-run development bank BGK. “It is a difficult instrument but one offering Tauron many possibilities,” BGK CEO Beata Daszyńska-Mazurek said. The program will include 12Y bonds with a call option after 7Y and will be issue...

Locked content Tauron hit with another lawsuit concerning windfarms

WSE-listed power utility Tauron has been sued by Wind Invest subsidiary Pękanino Wind Invest for PLN 28.5 million in damages and for further PLN 201.6 million in future damages, the company said in a market filing. The lawsuit concerns terminating a long-term contract for the deliveries of electrici...

Locked content Tauron upholds its PLN 4 bln CAPEX target

WSE-listed utility Tauron upheld its PLN 4 billion CAPEX target for this year, after spending PLN 1.5 billion in the first six months of the year. “We are reiterating our 2017 investment spending declarations at PLN 4 billion, which means that our CAPEX will rise in the second half of the year. This...

Locked content Tauron with PLN 1 bln H1 net profit – prelim. results

WSE-listed power group Tauron had a PLN 1.005 billion net profit, up from PLN 3 million in H1 last year, according to the company’s preliminary financial results. EBITDA stood at PLN 2.094 billion (PLN 1.653 billion in 2016), while revenues amounted to PLN 8.77 billion, down from PLN 8.94 billion th...