Tauron inks deal with state investments vehicle on power block financing
March 21, 2014
Power group Tauron signed an agreement with Poland's investment vehicle PIR, securing PLN 750 million financing for its combined-cycle power block at the Lagisza power plant estimated at over PLN 1.5 billion, Tauron said in a press statement on Thursday.
Tauron wants to build a 413 MWe and 266 MWt combined-cycle block at the Lagisza power plant in southern Poland by 2018.
At present the firm is conducting preparatory works on selecting a contractor as well as works aimed at optimizing supply of natural gas for fuelling the block.
The block will replace 120 MW coal-fueled blocks at Lagisza, which will be switched off in 2017, CEO Dariusz Lubera said as cited in the press statement.