Tauron to float on WSE next year with zł.3-4 billion IPO

He added that the value of the offer is difficult to assess, as a valuation of the whole company has not been carried out yet, but the book value stands at zł.14 billion. In the first stage the state will float 20-30% of the firm, which shall bring in revenues of zł.3-4 billion. An advisor to be appointed shortly will prepare a strategy for the whole group after the summer holiday. "Priority will be given to investments in new power capacity, which will be carried out by Southern Energy Concern [PKE]. We are thinking of constructing 2,000 MW of infrastructure. We want the projects to be ready to the extent that they can be presented to bourse investors within one year," said Lubera. Proceeds from the bourse will also be used in investments in renewable energy sources, as "The objective is to create [renewable sources] to satisfy our needs in terms of purchasing ecological energy," added Lubera.