From left to right: Grzegorz Lot, CEO of the TAURON Group; Professor Marta Postuła, first vice president of the management board of BGK; Krzysztof Surma, vice chairman-management board & head-finance, TAURON Polska Energia SA. Image courtesy Tauron.
Polish DSO Tauron has signed two financing agreements with Bank Gospodarstwa Krajowego (BGK), valuing €1.2 billion across power grid transformation and energy infrastructure digitalisation.
The majority of the financing, PLN 4.87 billion (€1.14 billion; $1.34 billion), marks an amendment to a financing deal signed in December 2024 with BGK, which valued PLN11 billion (at the time: €2.6 billion; $2.7 billion).
The financing from the KPO, the country’s National Resilient and Recover Plan, will be used to enable the connection of renewable energy sources and energy storage facilities.
By 2030, Tauron plans to connect over 1,430 large renewable energy sources with a total capacity of nearly 1.9GW and nearly 260 energy storage facilities with a total capacity of approximately 2.8GW. To do so, says the energy company in a release, the grid will need to be developed and modernise.
The KPO funds will be used to build and modernise the following:
- 1000km of high voltage (HV) lines;
- 4,800km of medium voltage (MV) lines;
- 21,000km of low voltage (LV) lines;
- 140 HV/MV transformers;
- 3,000 MV/LV transformers;
- 3,000 MV/LV stations;
- 50 HV/MV stations (Main Power Supply Points);
- 2.3 million remotely read smart meters.
Have you read:
Poland’s TAURON expands teletransmission system
Poland’s Tauron Dystrybucja snags 1 million smart meter rollout subsidy
The remaining agreement will see Tauron allocate PLN310 million (€72.8 million; $85.3 million) to modernise and digitalise energy infrastructure. This will contribute to optimising energy consumption and transmission efficiency through the use of advanced monitoring systems and predictive data analysis.
The agreement, says Tauron in a release, is the first of its kind reached under the ‘KPO – Supporting Advanced Digital Transformation’ instrument.
Commenting in a release was Krzysztof Gawkowski, deputy prime minister and minister of Digital Affairs: “Thanks to our ‘Loan for Digitisation’ programme, we are truly supporting digital transformation – what’s at stake is the continuity of key services for citizens and the resilience of the economy to new threats.”
Said Miłosz Motyka, minister of energy: “Bank Gospodarstwa Krajowego and the TAURON Group are measurably implementing their mission today for the good of citizens.
“This is an annex to the agreement and billions of zlotys, but in practice, it is primarily national security. It is the reliability of the power grid, remote reading meters, transformer stations, and at the same time, a guarantee that the grid will be safe, resilient, reliable, and flexible. Thanks to these investments, there will be no transmission losses, and as a result, energy will be cheaper.”
Said Grzegorz Lot, CEO of the TAURON Group: “Funding from the National Recovery Plan (KPO) is a unique opportunity for the Polish energy sector. An opportunity that the TAURON Group will seize on a massive scale.
“Our plans include the construction and modernization of several thousand power substations, the installation of tens of thousands of kilometers of new cable lines, and over 2 million smart meters for our customers.”
