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Bank Gospodarstwa KrajowegoTauron power to earmark KPO funds from new loans for network development and digitisation
Listed power utility Tauron, which has signed two loan agreements with Poland's state development bank BGK for EU funds under national recovery plan KPO, will allocate these funds to the development and modernisation of its network and digitisation, Tauron's CEO Grzegorz Lot told a press conference.
"A year ago, we signed the first KPO agreement for the development and modernisation of the network. It was worth PLN 11 billion. Now we have signed a second agreement worth PLN 4.8 billion, which will supplement these funds," Tauron's CEO told the conference.
"We will start working even more intensively on the development of our infrastructure," he added.
As CEO Lot pointed out, the group plans to spend PLN 60 billion (EUR 14.1 bln) on distribution by 2040.
He announced that the funds will also be spent on connecting renewable energy sources, among other things.
By 2030, Tauron plans to connect over 1,400 large renewable energy units with a capacity of over 2 GW and 260 energy storage facilities with a capacity of almost 3 GW.
In turn, the funds obtained thanks to the second loan agreement with BGK, up to PLN 310 million (EUR 72.6 mln), are to be allocated to the digitisation of the distribution network.
"This is the first agreement in Poland that shows that infrastructure development and digitisation are two directions that are very much aligned," CEO Lot said.
pel/ ao/ nl/