Locked content New joint venture “ElectroMobility Poland” by Enea, Energa...

The Consumer Protection Authority (UOKiK) has approved the establishment of a joint entity “ElectroMobility Poland” by the four largest Polish power groups – Enea, Energa, Polska Grupa Energetyczna (PGE) and Tauron, the watchdog informed on Thursday. The joint venture proposal was ...

Locked content New agreement between Famur, Kopex and Tauron

Mining machinery producers Famur and Kopex in consortium filed best bid of PLN 72.4 million for providing a high-performance longwall system for power group Tauron, the companies announced in a market filing. The consortium expects to deliver the longwall system by the end of 2016, a statement said....

Locked content Tauron changes its strategy for 2016-2020

Listed power group Tauron eyes reducing 2016-2020 capital expenditures (capex) to some PLN 18 billion versus earlier plans at PLN 20.2 billion, the company said in a market filing. “The largest capex cut of PLN 1.5 billion will come from mothballing the Lagisza project, PLN 400 million will be...

Locked content Tauron with net loss of PLN 320 mln in Q2

Listed power group Tauron posted an attributable net loss of PLN 320 million in Q2 2016, in line with prior estimates released after identifying asset impairments in the generation segment. Consolidated revenues totaled PLN 4.3 billion, which means a 3.8 percent decline year-on-year. Underlying earn...

Locked content Polish power giants to create a joint venture – UOKiK

Poland’s Office of Competition and Consumer Protection (UOKiK) has approved a joint venture by five electricity distributors: Enea Operator, Energa Operator, PGE Dystrybucja, RWE Stoen Operator, Tauron Dystrybucja. “The joint venture will be responsible for maintaining, operating and developin...

Locked content Tauron will not pay out dividend

Poland’s second biggest power group Tauron will not pay out PLN 0.1 dividend per share, with shareholds voting down a management recommendation, the Polish Press Agency informed. “The shareholders’ decision will certainly not be harmful for the company – on the contrary, toda...

Locked content Tauron with net loss of PLN 2.88 bln in Q4

Listed power group Tauron posted an attributable net loss of PLN 2.88 billion in Q4 2015 due to PLN 3.57 billion in impairments, the company said. Last year in the same period, the group posted a profit of PLN 132.19 million. EBITDA amounted to PLN 683.23 million compared with PLN 769 million a year...

Locked content Tauron plans PLN 1.3 bln saving in years 2016-2018

Power utility group Tauron expects PLN 1.3 bln savings in years 2016-2018 under a new efficiency program. The company expects EBITDA to grow by around PLN 1 bln in 2016-2018, including PLN 400 mln in 2018, the group said in a statement. Nearly half of the savings (PLN 786 million) are to come from t...

Locked content Tauron will present new strategy in Q2

Power utility Tauron will present a new strategy that will guarantee “a good future and a stable supply of energy to the Polish energy system,” before the end of Q2, Tauron CEO Remigiusz Nowakowski told a news conference in Jaworzno. Nowakowski also said he hopes for the introduction of ...

Locked content Chinese bank ICBC signs $1.6 bln loan deal with Tauron

The Industrial and Commercial Bank of China (ICBC) and six other banks have signed an agreement to make a 10 billion yuan ($1.57 billion) syndicated loan to Polish power firm Tauron Group, Reuters reported. The agreement was signed in Warsaw, ICBC said in an e-mailed statement. It did not name the o...