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...

Locked content PGNiG, BGK to boost Stalowa Wola with PLN 450 mln each

WSE-listed, state-owned gas giant PGNiG and state-run lender BGK will grant the Tauron’s Stalowa Wola gas-fueled power block with PLN 450 million in financing each. Of that amount, PLN 600 million will be granted for refinancing debt, while PLN 300 million will be used to boost capex. The financing ...

Locked content Tauron to sign deal with PFR on Jaworzno project ‘within weeks’

WSE-listed power utility Tauron hopes to sign the deal with state-run development fund PFR regarding the investment in the Tauron’s Jaworzno plant “within weeks,” the company said in a market filing. The talks are still ongoing despite the deadline running out. Back in June, PFR said it can invest u...

Locked content Tauron with PLN 194 mln Q4 net profit

WSE-listed power utility Tauron had a PLN 194 million net profit in Q4, according to the company’s preliminary results. EBITDA reached PLN 667 million, while the firm’s revenue amounted to PLN 4.54 billion. For the full 2017, Tauron had PLN 1.38 billion net profit, PLN 3.54 billion EBITDA, and PLN 1...

Locked content Energy market to be consolidated?

According to the Energy Minister Krzysztof Tchórzewski, the government is mulling further consolidating power companies it controls, however he claimed that he is not an instigator of such discussions. “Various discussions are being conducted, including this subject, but such ideas are not inspired ...

Locked content Tauron to put Łagisza bloc on the capacity market

WSE-listed power utility Tauron plans to bid in the tender for capacities with its planned gas-steam power unit in Łagisza, deputy CEO Jarosław Broda said. “We will be ready to participate in these auctions. We will also be ready to start the auction with the suspended investment in a steam-gas bloc...