PGNiG, BGK to boost Stalowa Wola with PLN 450 mln each

WSE-listed, state-owned gas giant PGNiG and state-run lender BGK will grant the Tauron’s Stalowa Wola gas-fueled power block with PLN 450 million in financing each. Of that amount, PLN 600 million will be granted for refinancing debt, while PLN 300 million will be used to boost capex. The financing is to be paid back by mid- 2030. As of March 8, Stalowa Wola SPV owed PGNiG and Tauron PLN 610 mln each. The Stalowa Wola project is controlled by PGNiG and Tauron, with each of the firms holding a 50 percent stake. The project is a 449 MWe and 240 MWt natural gas-fueled heat-and-power plant.