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

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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