Locked content Tauron and KGHM to build infrastructure for electric cars

Tauron and KGHM signed a Letter of Intent to cooperate in the construction of charging infrastructure for electric vehicles, development of car sharing services and pro-ecological activities, Tauron said in a statement. In the first stage, the companies plan to set quick charging stations in “...

Locked content Tauron and Orlen to build powerplant in Czechia

WSE-listed power utility Tauron and fuel giant Orlen signed a letter of intent to build a power and heating plant in Czech Neratovice on Orlen’s premises. The unit would provide the refiner’s subsidiary Spolana with technological steam. “State-run companies should cooperate with each other and suppo...

Locked content Erbud Industry signs PLN 21 mln deal with Tauron

Erbud Industry Południe, a unit indirectly owned by Erbud, signed an agreement with Tauron Wytwarzanie for the boiler renovation at Siersza power station. The deal value is PLN 21 million net. The works will be carried out until June 1, 2019, Erbud said in a statement. The companies from Erbud Indus...

Locked content Tauron CEO warns that CO2 emission prices are ‘counterproductive’

According to Filip Grzegorczyk, CEO of Tauron, the EU policy to increase CO2 emission rights prices, seen as a way of achieving lower emission goals may be counterproductive and negatively affect companies that are yet to make the transformation to produce more green energy. “The price of CO2 is an ...

Locked content Tauron’s profit down in H1 to PLN 568 mln

Tauron’s H1 profit arrived at PLN 568.4 million compared to PLN 1 billion in the corresponding period of last year, while EBITDA increased by 2 percent y/y to reach PLN 2.19 billion, the company stated in its H1 report. Operational profit came in at PLN 954.9 million, compared to PLN 1.295.5 billion...

Locked content Polenergia sues Tauron over wind farms canceled deal

WSE-listed power utility Tauron has been sued by Polenergia subsidiaries for PLN 78.9 million in damages in PLN 265.2 million in compensation on potential future losses following termination of long-term contracts for the purchase of power from renewable sources and green certificates, Tauron said i...

Locked content Jaworzno bloc 60% ready – Tauron

The construction of Tauron’s new 910 MW bloc in the Jaworzno power plant is going according to the plan with 60 percent of the works completed, the company said. Additionally, the facility’s boiler with a mass of over 7,000 metric tons has already passed a successful pressure test. The government wa...

Locked content Tauron secures PLN 880 mln financing from PFR

WSE-listed power group Tauron secured PLN 880 million financing from two funds managed by state-run Polish Development Fund for its 910 MW Jaworzno project, the company said in a market filing. The two funds will contribute PLN 440 million each. The joint share of funds in the SPV  should amount to ...

Locked content Tauron confirms 2017 results. Q4 slightly down.

WSE-listed power utility Tauron confirmed its previous estimates of last year’s financial results. In 2017, the company had PLN 1.38 billion net profit (275.7 percent y/y growth), PLN 3.54 billion EBITDA (6.2 percent increase), and PLN 17.41 billion in revenues (1.3 percent drop). The increase in re...