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...

Locked content Tauron to spend PLN 1.8 bln on distribution this year

WSE-listed power utility Tauron plans to spend some PLN 1.8 billion on the distribution segment this year to increase efficiency and security of electricity deliveries, the company said. Back in March, company’s deputy CEO Marek Wadowski said that Taiuron will spend over PLN 4 billion on CAPEX...

Locked content Tauron Q4 net profit down to PLN 93 mln

WSE-listed power utility Tauron has lowered its Q4 net profit to PLN 93.2 million from PLN 102 million reported in preliminary figures. The rest of the figures remained mostly in line with earlier estimates with EBITDA at PLN 879 million (compared to PLN 882 million in the preliminary results), EBIT...

Locked content Tauron estimates PLN 102 mln net profit in Q4

WSE-listed power group Tauron had PLN 102 million net profit and PLN 882 million EBITDA and PLN 4.5 billion in revenues in Q4 2016, the company said in preliminary financial results. For the whole 2016, the company revenue stood at PLN 17.6 billion, PLN 378 million net profit and PLN 3.3 billion EBI...

Locked content Tauron to invest PLN 1 bln in coal mining

WSE-listed utility Tauron will spend PLN 1 billion on investments in the coal mining sector until 2020, the company’s CEO Filip Grzegorczyk said. “We want to use up to 70 percent of our own fuel to produce energy,” he added. In 2015 that level stood at 40 percent. The investments include the recentl...