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...

Tauron’s Q1 net profits above expectations

Poland’s second largest electricity distributor Tauron Polska Energia reported a consolidated net profit of PLN 502 million in Q1 2015, an increase of 27 percent y/y, thanks to one-off tax return and savings.

Locked content Tauron to build mineshaft for nearly PLN 600 mln

Major Polish power utility Tauron will construct a new mineshaft in Sobieski mine, the investment is valued at PLN 580 million. The mineshaft is to be delivered in 2022, the media reported. “We have been looking for a general constructor. We estimate that the new mineshaft, called ‘Grzeg...

Locked content Tauron plans huge investments, profit up in Q4

Major Polish power utility Tauron recorded a consolidated net profit of PLN 132.19 million in Q4 2014, compared with PLN 92.02 million in Q4 2013, the company said on Friday. The company’s EBITDA stood at PLN 711.79 million, versus PLN 660.77 million in the previous year. In 2014, Tauron had a conso...

Locked content Three Polish firms out of Austrian index

Two lenders, Alior Bank and mBank as well as Tauron, electric energy provider, will exit CECE PTX of the Vienna Stock Exchange (VSE) on March 23, the Vienna market said on its website. Currently, the index includes such Polish companies as Pekao, BZ WBK, Eurocash, KGHM, Orange Polska, PGNiG, PKN Orl...