Tauron upholds its PLN 4 bln CAPEX target

WSE-listed utility Tauron upheld its PLN 4 billion CAPEX target for this year, after spending PLN 1.5 billion in the first six months of the year. “We are reiterating our 2017 investment spending declarations at PLN 4 billion, which means that our CAPEX will rise in the second half of the year. This is due to both the adopted schedule and the shift of some smaller investments to the second half of the year.” Marek Wadowski, deputy CEO said. “Capital expenditures were mainly focused on manufacturing and distribution,” said CEO Filip Grzegorczyk. In the first six months of the year, Tauron earmarked PLN 814 million for the manufacturing segment, and PLN 605 million for the distribution.