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Tauron PE SATauron power utility signs loan agreement with BGK bank for up to PLN 310 mln for digital transformation
Listed power utility Tauron PE has signed a loan agreement with Poland's state development bank BGK for up to PLN 310 million (EUR 72.6 mln) for digital transformation as part of funds from the national recovery plan KPO, the company said in a market filing.
"The funds from the loan agreement will be used exclusively to finance eligible expenses incurred by Tauron Dystrybucja for advanced digital transformation," the statement said.
It was announced that the funds made available will bear interest at a fixed rate of 0.5 percent per annum, and the loan is to be repaid in quarterly instalments between 2028 and 2045 (the final repayment date is 20 years from the date of conclusion of the agreement).
"The funds from the loan agreement will support the implementation of one of the key business priorities set out in the Tauron Group's strategy, namely the dynamic development of the distribution segment," it added.
alk/ nl/