Press Release: Mergers: Commission approves joint venture of Tauron and KGHM in Polish electricity sector

The European Commission has cleared under the EU Merger Regulation the proposed creation of a joint venture by the electricity producer Tauron Wytwarzanie and the copper producer KGHM Polska Miedz, both of Poland. The joint venture (Elektrownia Blachownia Nowa Sp. z o.o.) will construct and operate a new 850 MW gas-fired power plant in Poland. The Commission's investigation confirmed that the transaction would not raise any competition concerns, since the market share of the newly created entity would be limited and it would face a number of credible competitors on the Polish electricity markets.