Locked content Tauron signs PLN 6.27 bln bonds program with banks

Power utility Tauron has signed a PLN 6.27 bln bond program with Polish & foreign banks allowing for its potential increase to PLN 6.5 bln, the Polish Press Agency (PAP) informed. Tauron will use the money from the bond issue to cover its investment program, refinance debt and finance the genera...

Locked content Tauron with PLN 400 mln financing from BGK

State owned development bank, BGK has signed an annex to a deal, stipulating that the public lender will purchase PLN 400 million bonds issued by power utility Tauron Polska Energia. The total value of the bond issue program guaranteed by BGK amounts to PLN 1.7 billion. Bonds maturing between 2020 a...

Locked content SRK calls tender for Brzeszcze mine

State-owned mining restructurization company (Spółki Restrukturyzacji Kopalń – SRK) has announced a tender for the troubled Brzeszcze coal mine in order to satisfy demands by potential buyer – power utility Tauron. The deadline for making offers expires on September 10, the sale is to be compl...

Locked content Tauron’s H2 profit falls by PLN 12 mln

Utility Tauron Polska Energia reported  PLN 718,52 million of consolidated net profit in the first half of 2015, which is lower than PLN 730,29 million from last year. The net profit from retail amounted to PLN 1.53 billion in the first six months of 2015, as opposed to PLN 1.08 billion from last ye...

Locked content Brzeszcze mine to to be auctioned

Wnp.pl web portal reported that state owned mining restructure company (Spółki Restrukturyzacji Kopalń – SRK) will auction the troubled Brzeszcze coal mine in order to satisfy demands by potential buyer- power utility Tauron. Tauron said that it want to buy the miner through a public tender to...

Locked content Tauron increases bond program by PLN 700 mln

Power utility Tauron has increased the value of its bond program with state-owned lender BGK by PLN 700 million to PLN 1.7 billion. “The aim of the bond issue is to finance investment outlays, mainly in the area of distribution and generation,” the statement read. Cooperation with BGK ta...

Locked content EIB to inject more cash in Polish energy sector

European Investment Bank is considering investing more money in two Polish state-controlled energy companies. In case of PGE, the decision has been almost made, and regarding Tauron, the negotiations are at an initial stage, Reuters reported. “We are having very advanced talks on financing an ...

Locked content Tauron gives up on selling wind farms assets

Poland’s second largest power utility company Tauron pulled back from talks on selling its wind farms mainly due to low energy and green certificates prices and instead will cooperate with peer Enea on  its renewable sources of energy business, Tauron announced in a press statement “This...

Locked content EIB considering PLN 209 mln loan to Tauron

The European Investment Bank (EIB) said on Tuesday that it was considering granting power utility Tauron a loan worth €188 million to help finance the planned expansion of a power plant at Lagisza, southern Poland. The total estimated cost of the project stands at PLN 1.5 billion and Poland’s ...

Locked content Bidders offer up to PLN 1.5 bln for PKP Energetyka

Bidders are offering from PLN 1 billion to PLN 1.5 billion for utility company PKP Energetyka, a unit of the Polish state railways group PKP, Reuters informed quoting Polish daily Rzeczpospolita. CVC Capital Partners is allegedly offering the highest offer of PLN 1.5 billion, while energy company En...