PIR to support huge Tauron investment

Tauron Wytwarzanie, a subsidiary of power utility Tauron Polska Energia has signed a PLN 760 million worth deal with state-controlled Polish Investments for Development (Polskie Inwestycje Rozwojowe) to construct a 413 MW CCGT unit at Łagisza power plant. In line with the agreement, both entities will establish Łagisza Grupa Tauron special vehicle responsible for financing and carrying out the project along with eventual exploitation of the unit. The total value of the project stands at PLN 1.5 billion. The new unit at the Łagisza power plant will be a 413 MW state-of the-art source of electricity and heat. It will be one of the biggest investments of the TAURON Group in Silesia. According to the adopted schedule the unit should be commissioned in 2018. Tauron Wytwarzanie deals with electricity generation from conventional sources and biomas co-firing.