Tauron mulls bond issue to finance Jaworzno plant
Major Polish power utility Tauron may carry out a bond issue in the first half of 2014 if the contract for the Jaworzno power plant is signed, the company’s deputy CEO Krzysztof Zawadzki said at a press conference on Tuesday.
The company had earlier planned a debt issue worth PLN 1.5 billion. However if the contract is signed and a good price is offered, Tauron may now issue bonds with a higher value, Zawadzki said.
Tauron’s CEO Dariusz Lubera added that decisions on the Jaworzno power plant project are expected to be made within the next few weeks. The company is talking to state-owned investment vehicle Polskie Inwestycje Rowojowe about its possible involvement in the project.
