Tauron to sign deal with PFR on Jaworzno project ‘within weeks’

WSE-listed power utility Tauron hopes to sign the deal with state-run development fund PFR regarding the investment in the Tauron’s Jaworzno plant “within weeks,” the company said in a market filing. The talks are still ongoing despite the deadline running out. Back in June, PFR said it can invest up to PLN 880 million to aid the construction of the new 910 MW block in Jaworzno, and hopes to sign the documents at the beginning of 2018. PRF funds are expected to takeover 14 percent stake in the project, while Tauron will control 50 percent plus one share.