Investment and restructuring potential

Ability to access and use the natural capital Personnel and organizational culture

The Group allocates around PLN 3-4 billion per annum for capital expenditures, most of which are investments in the distribution grids.

In 2020, investments in new generation units were completed: the CCGT unit in Stalowa Wola with a capacity of 450 MW and a 910 MW unit in Jaworzno. As part of the Update of the Strategic Directions, new shutdown schedules for 120 MW and 200 MW units were developed and adopted. As of the end of 2020, all 120 MW units were shut down, except for two units at the Stalowa Wola Branch, whose shutdown date was postponed to February 1, 2021 (970 MW in total).

Further units with a total capacity of 2.5 GW will be decommissioned, in the years 2026-2030, mainly the 200 MW units. At the same time, involvement in the development of offshore wind farms is assumed.

Apart from investment projects, TAURON Group is also implementing initiatives aimed at optimizing the Group’s costs.

Both in the short and medium as well as long term, TAURON Group is planning to increase its capital expenditures related to a change of its energy mix. Successive tightening of the environmental and pro-climatic requirements, combined with the obsolete generation fleet, provides room for the construction of new generating units in renewable and low-emission technologies, as well as for significant changes to the distribution grids, including the ones related to the development of distributed (dispersed) power generation.

TAURON Group will be performing its activities in this respect in accordance with the definition of environmentally sustainable investments, based on the provisions of the European Green Deal.