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...

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...