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Polish utility Tauron mulls Janina coal mine sale in move toward green energy

Poland's state-owned utility company TAURON Polska Energia SA is mulling the sale of its Janina coal mine in the south of country, in order to cut down carbon emissions and move towards greener energy, Reuters reported May 27.

The sale will leave the company with only two other coal mines, Sobieski and Brzeszcze, located in the same region.

Tauron, along with several other utilities in the country, has been forced to move toward cheaper sources of renewable energy amid rising carbon emission costs, even though sustaining the coal industry was a major industrial policy of Poland's ruling nationalists.

The utility further aims to work towards reducing emissions by 20% by 2025 through the shutdown of two coal-fueled units at its power plants.

Additionally, the utility said it is also planning to build solar panels and wind farms on shore, as well as invest in off shore wind farms.

CEO Filip Grzegorczyk said the introduction of these new options will help the transformation of Tauron in a "safe and sustainable" manner.