Energy firms to buy coal mines?

Some of the coal mines owned by sector giant Kompania Węglowa will be acquired by exporter Węglokoks and others may be integrated into energy groups Enea, PGE and Tauron, Deputy Economy Minister Tomasz Tomczykiewicz was quoted as saying by the Polish Press Agency.

Locked content PGE, Enea, Tauron and KGHM sign nuclear plant deal

Major Polish utilities PGE, Enea, Tauron and mining group KGHM have signed a final agreement on their stakes in nuclear program SPV PGE EJ1. PGE will hold a 70 percent share in the company and the other partners will hold 10 percent each. The stakeholders have also agreed to proportionally co-financ...

Locked content Tauron not planning bond issue

Major Polish utility Tauron will not issue bonds in 2014, the company’s CEO Dariusz Lubera was quoted as saying by the Polish Press Agency on Monday. Earlier this year, the company’s deputy CEO Krzysztof Zawadzki had said that a debt issue worth PLN 2 billion was possible in late September or early ...

Locked content Tauron with higher-than-expected profit

Major Polish power utility Tauron recorded a consolidated net profit of PLN 334.4 million in the second quarter of 2014, the company said on Thursday. The profit was 15.4 percent higher than the one recorded in Q2 2013. Analysts polled by the Polish Press Agency had expected the result to come in at...

PZU’s fund buys Tauron’s health care firm

TFI PZU, a fund managed by Poland’s largest insurer PZU, has acquired health care firm Elvita Jaworzno III from power utility Tauron, the selling company said in a press release on Tuesday. The deal value was not disclosed.

Tauron and ArcelorMittal agree on joint venture

Tauron power group signed a deal with ArcelorMittal steel conglomerate to create a new entity called JV Tameh Holding. Tauron said in a press release that the new entity will operate power generation assets currently held by both companies.

Locked content EIB lends up to PLN 295 mln to Tauron for renewable energy

The European Investment Bank (EIB) will lend up to PLN 295 million to the energy company Tauron for investments in renewable energy. New electricity distribution networks, smart meters and existing network upgrades are part of the planned investments, as mentioned in an EIB release. EU requirements ...