The TAURON Group’s CAPEX was approx. PLN 17.6bn in 2008-2014 with 2014 capital expenditures alone amounting to approx. PLN 3.1bn. New hard coal, gas and biomass-fired generation units are planned to be commissioned by 2020.
Total CAPEX in 2014-2023 will be approx. PLN 37bn with approx. PLN 29bn to be spent in 2014-2020.
The TAURON Group’s key investment projects:
Construction of a 910 MWe, ultra-super critical, hard coal-fired unit. The new unit will feature high efficiency and availability, as well as low emissions of nitrogen oxides, SO2, CO2 and dust. The consortium of Rafako (leader) and Mostostal Warsaw is the general contractor in this project. The agreement with the consortium was signed in April 2014, and the construction site was handed over in November 2014. As of the end of 2014 work progress was 9 percent and the planned project commissioning date is 2019.
Construction of a 449 MWe/240 MWt CCGT unit – the Group’s first large gas-fired unit. The project is carried out in cooperation with PGNiG, and TAURON Group’s share is 50 percent. Abener Energia is the general contractor. In 2014 the main unit devices were installed and as of the end of the year work progress was 68 percent. The project is slated for completion in 2015.
Construction of a 50 MWe/86 MWt co-generation unit. Elektrobudowa is the unit’s general contractor. In 2014 the installation of the generator’s boiler’s steel structure was completed. As of the end of 2014 work progress was 42 percent, while the planned project completion date is 2016.
Construction of a 413 MWe CCGT unit including a 266 MWt thermal unit. In 2014 a preliminary agreement was signed with Polish Investments for Development (PIR) on financing the unit’s construction and the connection agreement with Gaz System was signed. The project is slated for completion in 2018.
Installation of the flue gas denitrification systems for six units of Jaworzno III Power Plant and four units of Łaziska Power Plant. This investment project will reduce the emissions of nitrogen oxides by these units to comply with the levels in force in Poland starting from 2018. By the end of 2014 work on eight of ten units had been finished and the upgrades will be completed in 2016.
Construction of “Grzegorz” shaft including infrastructure and headings. The investment project is of strategic importance for the operations of the TAURON Wydobycie (Mining) subsidiary. It will provide access to resources in subsequent years and eliminate sublevel caving. A test borehole that constituted the base for preparing geological documentation was drilled in 2014. At the end of the year the work progress was 15 percent, while the planned project completion date is 2022.
Construction of the 800 m level including launching the fourth coal face. The investment project will allow for increasing hard coal production versus the current output. Shaft deepening and access headings drilling works are underway. Deliveries of underground infrastructure devices are underway. The Coal Mechanical Processing Plant upgrade’s technological concept was prepared. Work progress is 17 percent, while the project is to be completed in 2019.