Bloomberg News

Tauron Falls First Day in Three as Power Utility Sees Unit Delay

June 11, 2012

Tauron Polska Energia SA (TPE) fell for the first time in three days as Poland’s second-biggest power utility said it expects a delay in the completion of a new power unit.

The shares lost as much as 1.1 percent and traded 0.2 percent lower to 4.67 zloty as of 9:08 a.m. in Warsaw. Tauron is the fourth-worst performer in the WIG20 Index this year, having slumped 13 percent.

The company foresees a one-year delay in the completion of a new coal-fired power unit at its Jaworzno plant to 2018, Chief Executive Officer Dariusz Lubera told Parkiet newspaper in a June 9 interview.

To contact the reporter on this story: Piotr Bujnicki in Warsaw pbujnicki@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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