Press releases

 30 startups are currently preparing solutions for TAURON in the area of improvement of existing infrastructure and development of new businesses within the Group. Twelve of them are already conducting tests on TAURON's infrastructure. ...

TAURON Dystrybucja acquired successive 33 million zlotys from the European Union funds for investment projects related to the retrofitting of the electric power grid. In total, TAURON Dystrybucja has already concluded 26 agreements for co-financing of measures under the financial perspective 2014-2020 for the amount of a grant worth almost PLN 160 million. ...

TAURON has launched a development and research project called EKO-TATRY which is a part of a series of TAURON Group’s initiatives aiming at low emission abatement. The project will be carried out in cooperation with the Tatrzański District.

Over 20 million Polish zloty is the value of the subsidy acquired by TAURON Dystrybucja for subsequent investment and modernisation projects. Three new agreements for co-financing were signed on 8 September at the Ministry of Energy in Warsaw and the scope of projects co-financed comprises the construction and modernisation of medium and low voltage electric power grid as well...

The programme of hybrid bond issue is another initiative of TAURON aimed at acquiring funds or financing of investment and current expenditure of the Group. The financing agreement with the value of PLN 400 million was concluded between Bank Gospodarstwa Krajowego (BGK) and TAURON Polska Energia on September 6th during the economic Forum in Krynica. ...

TAURON Group posted solid financial and operating results in H1 2017. It would not have been possible without our consistent activities in various areas – we are streamlining management processes in place within the Group, we are watching our costs, while at the same time making sure that we support innovations and make our product offering more attractive for our existing and future customers.

TAURON Polska Energia S.A. issued Eurobonds with the total nominal value of EUR 500 million and the tenor of 10 years from the issue date. Proceeds from the Eurobond issue will be used for the purpose of refinancing the costs of developing and acquiring wind farms by one of the Group’s companies, financing the Group’s investments in the distribution segment and general corporate purposes. ...

In connection with information provided to the media on behalf of Invenergy enterprise, we inform that until now TAURON Polska Energia S.A. has not received any claim in the case under discussion. We emphasise that the party to the disputes with wind farm operators is Polska Energia - Pierwsza Kompania Handlowa Sp. z o.o. ...

TAURON Polska Energia signed a memorandum of understanding with the Polish Development Fund (PFR) determining the preliminary terms and conditions of involvement in the implementation of the construction of the new 910 MW power unit in Jaworzno. ...

Sales revenue reached PLN 4,590m (up 0.5 percent year on year) – revenue increases reported in the following segments: Mining, Distribution, Supply EBITDA reached PLN 1,185m (up 35.6 percent year on year) – EBITDA margin was 25.8 percent Net profit reached PLN 641m (up 97.8 percent year on year) EBITDA was impacted by the dissolving of the PLN 190m provision related to the CCGT...

TAURON Polska Energia is one of the laureates of the Transparent Company of 2016 ranking for business transparency and quality of market communication. The ranking organised by “Parkiet” - Journal of the Exchange and Investors and the Institute of Accounting and Taxes, was established based on the questionnaire survey in which three most important areas of market communication...

The Strategic Research Agenda is a planning document defining directions and potential of the research and development and innovation activity (R&D&I) undertaken by TAURON Group. The aim of the implementation will be the optimisation of the R&D&I activity carried out, its orientation towards the change in the structure of revenue in the Group, so that the level of 25% of revenue...

TAURON established a special purpose vehicle in the Group with the goal of creating innovative product solutions in cooperation with Start-Ups. The company will deal, inter alia, with the preparation of projects in the scope of smart technologies for home and solutions for transport supplied with electricity.

Sales revenue reached PLN 17.65bn EBITDA reached PLN 3.34bn, while EBITDA margin was 18.9 percent Net profit reached PLN 370m (versus net loss of PLN 1.8bn in 2015) Net impairment charges related to fixed assets as a result of impairment tests conducted in 2016: PLN 735m Segments that made the largest contribution to the company’s earnings: Distribution (EBITDA of PLN 2 395m),...

TAURON conducted a hybrid bond issue totalling EUR 190m, the funds raised will be streamed to investment in the distribution segment

Details of the Pilot Maker acceleration programme and process oriented towards the development of solutions which may be implemented in large enterprises were presented by the leader of the techBrainers programme jointly with the lead partner - TAURON Polska Energia and other partners - Kross S.A and Amplus Sp. z o.o., at the Thursday conference on 15 December in the PAP Conference Centre in Warsaw.

 Since 2013 TAURON Polska Energia has been continuously listed in the RESPECT Index. In 2016, for the fourth consecutive time, it was included among listed socially responsible companies.

Ensuring financial stability, investment projects aligned to the market needs and developing innovations as well as building long term, strong customer relationship – are the key assumptions of TAURON Group's new 2016-2025 Strategy.

  Sales revenue topped PLN 8.94bn EBITDA reached PLN 1,653m, while EBITDA margin was 18.5 percent Net profit reached PLN 4.7m which was the direct consequence of write-offs of impaired Generation assets As a result of the write-offs EBIT declined approx. ...

Due to good economic conditions the Group posted an almost 2 percent increase of the distributed electricity volume, also hard coal production and sales volumes rose.

2015 EBITDA turned out to be close to the market consensus. The earnings were supported by good macro data and the rising demand for electricity which was reflected in the higher electricity generation and distribution volumes.

TAURON Group's Mining line of business generated EBITDA of PLN 134.7m in Q3 of 2015 versus PLN 55.3m a year ago. The good result was possible, among others, due to achieving high hard coal extraction and sales volumes and introducing more flexible approach to the provision of benefits due to former employees.

TAURON Group is coping well with the challenging market environment as confirmed by the earnings generated by the company in the first three quarters of this year.

At the request of shareholders of TAURON Polska Energia a break until 23 November was announced in the company's Extraordinary General Meeting of Shareholders convened on 9 November. The shareholders justified the break in the Extraordinary General Meeting of Shareholders with the necessity of in depth analysis of the issue of capital increase, which is the main item on the...

The Management Board of TAURON Polska Energia is conducting activities that will have a positive impact on the financial position of the Group and will allow for the outlook of the Fitch credit rating (BBB) to be upgraded to ”stable”. ...

In the presence of the Minister of Treasury, Andrzej Czerwiński, on 19 October the special purpose vehicle from TAURON Group and Spółka Restrukturyzacji Kopalń (Coal Mine Restructuring Company) signed the preliminary contingent agreement for the sale of KWK Brzeszcze assets. ...

The Management Board of TAURON convened the Extraordinary General Meeting on 9 November, during which, among others, increasing of the share capital by PLN 400 million is planned. It will take place through the issue of 80 million of non-voting shares with the nominal value of PLN 5 per share. ...

Construction of the 800 m level at Zakład Górniczy Janina in Libiąż belongs to strategic investment projects of TAURON Group. At the beginning of October, the next important stage of project implementation was commenced - construction of the shaft bottom of the "Janina VI" shaft at a level of 800 m. ...

At its meeting on 10 October the supervisory board of TAURON Polska Energia supplemented the composition of the Management Board of the Company, appointing – on request of the President, Jerzy Kurella – Anna Striżyk to the position of Vice-President for Economics and Finance and Piotr Kołodziej - to the position of Vice-President for Strategy and Development. ...

Representatives of TAURON Polska Energia and Spółka Restrukturyzacji Kopalń (Coal Mine Restructuring Company) started their talks concerning the purchase of "Brzeszcze" coal mine.  SRK declared that on 7 October the procedure suspended last week will be officially resumed. ...