Trigon acted as Financial Advisor in nearly PLN 2.3bn project financing for ZE PAK S.A. Group

ZE PAK S.A. Group successfully secured nearly PLN 2.3 billion in financing to support the completion and commissioning of its 562 MW Combined Cycle Gas Turbine (CCGT) power plant located in Turek. The newly arranged project finance facilities will fund the ongoing construction phase and enable the transition into commercial operations. The financing package includes a PLN 2.155 billion senior term loan facility with a 17-year maturity, making it one of the longest-tenor project finance structures in the Polish market. The facilities are secured with a KUKE guarantee, supporting bank participation and enabling long-term financing. The project represents a key milestone in ZE PAK Group’s strategic repositioning within Poland’s evolving energy landscape. Once operational, the CCGT plant will enhance the security, flexibility, and stability of domestic electricity supply by complementing the growing share of intermittent renewable generation. The plant is designed for high efficiency and low environmental impact and is fully aligned with EU Taxonomy requirements. The financing is further complemented by a PLN 100 million VAT revolving facility, dedicated working capital solutions for the operational phase, and treasury limits supporting the Group’s active hedging and asset trading strategy. The Senior Facilities Agreement was executed by a consortium of leading financial institutions, including Alior Bank S.A., Bank Gospodarstwa Krajowego, Bank Polska Kasa Opieki S.A., Powszechna Kasa Oszczędności Bank Polski S.A., Santander Bank Polska S.A., and UniCredit S.p.A. Trigon acted as Financial Advisor to the transaction, supporting the client throughout the structuring and execution of the financing.