Tauron to inject PLN 200 mln into Brzeszcze

Tauron Polska Energia which has a preliminary deal to acquire Brzeszcze mine, will invest PLN 200 million in the troubled company within two years, Jerzy Kurella, the CEO at the power company told the media. Tauron reckons to gain returns from its investment in seven years. In 2016 alone, the new owner plans to boost Brzeszcze with PLN 160-180 million. Kurella estimates that in the second half of 2017, the mine should record a "plus zero" result. Brzeszcze will be acquired by Nowe Brzeszcze Grupa Tauron, which is to be included in Tauron Wydobycie. On October 19, Tauron reached a preliminary deal with Poland's mining restructuring vehicle, Spółka Restrukturyzacji Kopalń (SRK).