Tauron concludes agreement with BGK for PLN 11 bln from KPO funds
15:55
Tauron Polska Energia has signed a loan agreement with Bank Gospodarstwa Krajowego (BGK) under the National Recovery and Resilience Plan (KPO) for Investment G3.1.4, supporting energy infrastructure. The PLN 11 billion loan will fund Tauron Dystrybucja S.A.’s efforts to modernize and adapt the energy network for the energy transition and climate changes.
The loan, with a fixed annual interest rate of 0.5%, will be repaid in semi-annual installments from 2034 to 2049. Funds will be disbursed gradually based on project milestones until December 20, 2036. Tauron, Poland's largest energy distributor, covers 18% of the country's area and recorded PLN 42.66 billion in sales revenue in 2023. The company is listed on the Warsaw Stock Exchange (mWIG40 index).
