Refile: UPDATE 1-Tauron preparing for all scenarios for its coal assets spin-off
12/09/2024 14:52
(removes repeated word in paragraph 1)
GDANSK, Sept 12 (Reuters) - Polish utility Tauron
TPE.WA sees the coal assets spin-off plan (NABE) as a
preferred solution as it gives the group better financing
options, but is preparing for all possible scenarios, CEO
Grzegorz Lot told a results conference on Thursday.
"If the separation of coal assets does not take place, we
will still implement it, only in other models. (...) we are
preparing for each of these scenarios. In the coming months it
will be clear what the final scenario will be, and on the basis
of this we will prepare and present our strategy," he added.
After Poland's asset minister called NABE "a somewhat nuclear
option" earlier this month, Polish energy companies have
adjusted expectations on the NABE breakout plan.
Under the now largely abandoned plan, which was proposed by
the previous government, the units of state-controlled PGE,
Tauron and Enea that operate coal-fired power plants were to be
bundled into NABE, a new state-owned company would assume their
debts. The plan was aimed at easing the burden on the companies
as coal assets become harder to finance.
Earlier during the conference Lot said that Tauron will
present the group's strategy by the end of 2024.
(Reporting by Marek Strzelecki; writing by Anna
Wlodarczak-Semczuk and Tymon Miller; editing by David Evans)
((mailto:anna.wlodarczak@thomsonreuters.com;))