Tauron calls for a tender for Brzeszcze mine
11:48
Polish power company Tauron Polska Energia has decided to bid for KW Brzeszcze mine on conditions that mining restructuring vehicle SRK will call a public tender and will conduct restructuring program of the mine's assets before an agreement will be signed, Wnp.pl reported.
SRK is mulling holding a public tender, according to information gathered by the web portal.Tauron's offer is to be worth "a symbolic one złoty" and will be made by a SPV comprised by the firm's partners.
State-controlled Kompania Węglowa (KW) miner has signed an agreement to hand over its unprofitable Brzeszcze mine to Poland's mining restructuring vehicle Spółka Restrukturyzacji Kopalń SRK in May. On May 15, Tauron and SRK signed a letter of intent on cooperation regarding a possible sale of Brzeszcze to the power company.
Tauron was established in 2006 and has been listed on the WSE since 2010.
