Platform Overview

"The Platform HydroTechnologie" is a joint project between Koronne Technologie S.A. and general contractor Wodel (Elektrownie Wodne WODEL Sp. z o.o.).

We specialize in the construction, operation and maintenance of complex small hydro power plants. Additionally, we have our own design and production facilities to build and supply the water turbines for these plants. Our complete service team consists of experienced engineers and project managers in Poland and throughout Europe.

As an organization, we are now looking towards expanding our reach towards the ownership and operation of a collection of small plants throughout Poland and Ukraine in conjunction with the sales and trading of energy produced from these plants. With the addition of a significant financial backer, the future structure of the organization may change to meet the best needs of the market.

Our Priority

Putting our clients’ interests first is at the core of our asset management philosophy. We also custom-tailor our investment strategies to clients’ specific needs. This approach has led to a high level of client satisfaction.

It also leads us to operate with prudence, financial discipline, a long-term perspective, and a clear understanding that trust is something we must earn every day. Everything we do is guided by a set of principles that define our character and culture; they have been at the core of Koronne Technologie since its inception. These enduring qualities are the shared convictions that we bring to our professional and personal conduct – they are a fundamental strength of our business.

Guiding Principles

The owner of the Platform is a company Koronne Techologie Join Stock Company.

Koronne Technologie S.A. is a company formed in 2011 that has recently released a new range of services, investments and 'green' products designed for world markets. The company specializes in innovative solutions to environmental problems being faced daily by Businesses and Governments worldwide. By supplying and managing renewable energy systems and financing/managing energy saving devices. At Koronne Technologie S.A., we focus upon regions that offer the greatest return on investment for our Shareholders. The firm’s goal is to deliver enhanced returns and capital preservation over the long term through a rigorous application of our intellectual and financial capital.


Always makes us better


Anything else is never acceptable


Our capital and reputation are always on the line


Leadership demands responsibility


Using creativity to find opportunities overlooked by others

About Hydro-tech

Background to Small Hydropower

Hydropower refers to the extraction of energy created by the flow of running water. In the past, mechanical energy from the flow was used directly in water mills. Nowadays the mechanical energy is generally converted into electrical energy either for direct use by factories or individuals or to be sold on the energy markets.

Small Hydropower generally refers to hydropower production under 20MW in size. This can be further subdivided into mini-hydro (100KW-1MW) and micro-hydro (less than 100KW). Our company focuses on profitable mini-hydro projects.

Global Hydropower Use

Today hydropower supplies about 16% of global electricity and is the most intensively used source of renewable energy. However, its use is highly dependent on the geographic location. In Europe, for example, Iceland and Norway meet their electricity needs almost entirely from hydropower. In Austria, Italy, Sweden and Switzerland as much as 50% of the energy generated comes from hydropower.

Hydropower plants do not contribute to greenhouse gas emissions, use any fossil fuels, and cause no pollution or waste. In addition, hydropower has advantages over some other renewable energy sources. For example, it is impossible to produce solar energy at night or to produce energy from windmills when there is no wind. Rivers and streams flow night and day, regardless of sunshine or wind conditions.

Benefits of Hydropower

Unlike other power plants, hydroelectric plants require less time to produce and are far more stable in the long term (68% of Poland's hydroelectric power plants are over 50 years old). And, although suitable locations for the construction of small hydropower are general away from cities, this seeming disadvantage is actually an advantage because it allows the energy needs of the residents in remote areas to be met, with or without access to the grid. Small hydropower plants can be designed quickly for any suitable location on small streams and built within 1-2 years. They are characterized by high reliability and technical simplicity leading to high reliability and long service life. Additionally, hydropower plants do not need a large work force and, for the most part, can be remotely controlled and automated.

Hydropower plants are very efficient compared to traditional power plants. A standard hydropower plant consumes an average of 0.5% of energy it generates, while conventional power plants consume upwards of 10% of energy generated. Dams used in Hydropower also give the ability for areas to manage their water retention, which is important in dry periods. By managing water resources, small hydropower is able to produces energy throughout the year and provide a solid regular income, and plants may be used as an emergency local power source in the event of damage of the national transmission networks.

Present Hydropower use in Poland

In 2014 Poland about 1.5% of electricity demand was covered by hydropower. About 80% of this energy was produced in the region of Mazury, Pomerania, Sudetes and Karpaty at the Vistula River and Dunajec River. Approximately 488 hydropower plants operate in Poland. A great number of them, about 360, are micro hydropower plants with a capacity of less than one megawatt. Only 128 power plants provide an output of more than 1 MW, but these jointly generate more than 2200 MW of electricity.

Although, as stated, only around 1.5% of energy is currently produced via hydropower, it is estimated that with current technical, environmental and infrastructure hydropower can expand to 12% of Poland’s energy usage. The increase will come from a combination of new plants and by modernization and optimization of existing plants.

Types of Hydropower Plants

Due to the fact that there are many different types of hydropower plants, only a “Raised Dam” and “Running Water” systems shall be described.

Raised Dam

In this system, the pent-up dam water (headwater) is passed through pipes into the turbine(s). A rake stop prevents driftwood or larger fish from being caught in the blades of the turbine and a diffuser is implemented to even out the underwater deviations in pressure or flow speed.

The measurement (in meters) difference from the upper and lower water is called drop height and is a decisive factor in the calculation of the performance of water turbine (see below). The heart of any hydroelectric power plant is the turbine. A water turbine converts the kinetic energy of fluid in rotating or rotational energy. The blades of the turbine are rotated by the water flow. The rotation is then used as a drive for a generator. This converts the rotational energy into electric current. A constant torque of the motor ensures a uniform speed of the turbine or the rotational speed is kept constant by a controller.

River and Running Water Power Plants

River power plants use the flow of rivers to generate electricity. There is no storage option, the river water flows directly through a turbine. A low drop height and high flow rate characterized this type of power plant, however weirs may increase the flow and fall height yet. Electricity is available around the clock. Hydropower plants are characterized by good utilization of turbines and low costs. It is the reason why they are used to meet the basic needs for electric current.

Classification of Hydropower Plants

Classification of hydropower plants may be made about various aspects, such as performance, utilization, or kind. The performance of a power plant is defined by the quantity of electricity generated in a calendar year divided by the annual running time (in hours). A classification by utilization makes it clear whether the respective power plant is designed to cover the basic, intermediate or peak load.

Turbine Efficiency

The power P (in watts) of a water turbine is the product of the efficiency η of the turbine, Water density ρ, g the gravitational acceleration, flow volume V and drop height h:

P = η • ρ • g • V • h

Efficiency, generally refers to the ratio of energy used and power generated. Water turbines are very efficient (over 90%). The formula shows that a low drop height can be compensated by large flow volume, and vice versa. A water turbine must be optimally adapted to the different drop heights and flow rates of the system. For large power plants individual designs are often required. The characteristic of water turbines is a complex regulation of their speed in relation to slightly fluctuating flow of water. Therefore, the cost of a water turbine in a large power plant amounts up to 20% of the investment and in a small plant up to 50%. However, water turbines are characterized by significant life span of over 80 years.

Buy it

We acquire high quality, income-producing assets at discounts to replacement cost.

Fix it

We unlock value by proactively addressing any physical or operating issues through aggressive asset management.


Operate the Hydro Palnt


Smaller Institutions and Individuals

Our mission is to bring Koronne Technologies’ partners quality products, delivered with excellent service, to all of the investors and advisors we serve. We collaborate with our investing businesses in every asset class to deliver bespoke product that meets the needs of individual investors and smaller institutions. We works with advisors to provide education around alternatives and deliver value-added investment insights. We understand the unique needs of the investors.

Investment in Polish Small Scale Hydroelectric Power Industry

Investment Process

The Company’s investments shall generally be made through the acquisition of existing operations in the renewable energy industry, these opportunities may be in the private sector or they may be through the privatization of government-owned entities. The Company’s investment policy is to seek capital appreciation of its assets by:

  • Acquiring positions in its potential targets at below their intrinsic value;
  • Incorporating new companies;
  • Actively participating in developing the Company’s wholly or partly owned subsidiaries through board representation and/or by appointing professionals to nonexecutive positions, or taking any other action it considers necessary to enhance the performance of the relevant companies;
  • Ensuring that management board members’ interests are fully aligned with the interests of the Company;
  • Ensuring contractual certainty and financial transparency for potential subsidiaries; and;
  • Developing clear exit strategies, negotiating detailed shareholder agreements and using exit strategies when conditions are deemed favorable;
  • Appointing, if necessary, representatives to the management board of any of its investments.

The Company’s investment process may be summarized to consist in four phases:

Phase 1: Deal Generation

The Company shall seek to generate exclusive investment opportunities through its own broad and influential network of contacts within the region, active analysis, ongoing contacts with sellers, key management of companies and co-investors and outside Investment Advisers.

Phase 2: Deal Evaluation

Evaluation of deals shall be based on a series of distinct steps:

  1. Professional staff of the Company (and when applicable a representative of its Investment Adviser) shall meet regularly to share experiences and review new deals and key issues related to the further development of deals throughout the investment cycle
  2. Pre-Study/Deal Sheet: Before incurring external due diligence of a transaction, the Company shall carry out its due diligence including management, corporate and financial details, drivers of the value creation, strategy for exit, risks and expected returns
  3. Concept Clearance: On the basis of the Deal Sheet, the Company shall evaluate resources required to carry out a due diligence process on matters regarding business, financial, legal and environmental issues. When necessary the Company shall engage an Investment Adviser to offer viewpoints on key strategic, operational and deal structuring issues of value
  4. Due Diligence: The Company shall conduct, in good faith, the internal due diligence to the extent necessary. The advanced stage of the due diligence process may require external consultants in some instances
  5. Business Plan and Investment Proposal: Along with the due diligence process, the Company shall work with the management board of the target company on preparation of a detailed business plan addressing major growth strategies, turnaround plans, investment needs, major strategic, financial and operational performance objectives, and how the Company plans to contribute to value creation
  6. Investment/Divestment Decision: The Company shall review each proposal for investment and/or divestment and may consult an Investment Adviser who shall analyze continually the progress of all investments of the Company. The Company shall decide whether to finalize the transaction.

Phase 3: Active Ownership

After the closing of each investment the Company shall support the now subsidiary’s management board in preparation of a road plan to implement the agreed business objectives by defining high priority issues and focused action program. The Company may consult the Investment Adviser. The Company’s representation of active ownership shall include the following elements:

  1. Develop a view on the strategic situation and future direction of the Company
  2. Agree with other key owners and directors on the establishment of challenging growth strategies, a set of key financial objectives and a focused operational improvement program
  3. Agree with directors on appropriate financial management and reporting system
  4. Align objectives of management and owners and establish appropriate incentive system;
  5. Participate actively in building of the management team, appoint new members of the management board, if and when necessary
  6. Monitor implementation of plans and take actions if required
  7. Review sector trends and the company’s competitive position and adjust strategies and program if required

Phase 4: Exit from Investments

Alternative plans for exit shall be developed at the time of negotiating the initial investment. Some likely alternative scenarios shall be public offerings and sales to strategic investors. Attractive exit opportunities shall be exploited through the pricing differential that exists between the country specific/regional companies and corporations considered western/global with activities and production in the region. Whenever a likely alternative is a strategic sale, the Company shall seek to negotiate a cooperative agreement whereby other shareholders agree to sell jointly with the Company a majority stake in the Target Company. When a public offering is the route, the Company shall aim to enter the capital market as soon as practicable for several purposes: (i) to develop liquidity that may be used for further expansion; (ii) to have the Company and the Target Company benefit from the publicity and discipline involved; and (iii) to prepare for the final exit. Increase of leverage may also in some cases be used to enhance the payout to shareholders, for example through redemption of shares or, through decrease of the issued share capital of the Target Company.


Pre-construction Development

Prior to the construction of any hydropower project a great deal of work and analysis needs to be done in the acquisition of the rights to the land, survey of the water resources, conservation, connection to the electricity grid, and various local and national permits.

When possible the Company will look for projects that have as much as the preliminary work completed as possible. However, any remaining work will be assessed and will be done by the internal staff and/or external consultants.

General Contractor for Project Construction

A turnkey implementation of a hydroelectric plant requires experience, industry knowledge, production capacity, a project office and highly qualified staff.

The Team has over two decades of experience in the development of hydropower projects in Poland and Europe. The company works closely with leading companies and the best experts in the field of hydropower energy, environment, finance and law.

Growth Strategies

The Company growth strategy is focused developing green energy projects both domestically (in Poland) and elsewhere internationally (primarily in Eastern Europe). The Company is in present negotiations with various governments, infrastructure and property groups. The Directors believe that the status of the Company shall enable it to obtain favorable terms in negotiating, attracting and developing acquisitions and green energy opportunities as well as attracting suitable joint venture and project financing partners to develop these opportunities. The Company’s business model has a number of complementary components:

  • To create large scale energy efficiency projects creating utility type cash flows with repayments based upon the energy savings
  • To create a listed 'Clean-tech' Investment Fund or Company. The Directors have identified projects considered to have the potential to grow, when invested in or acquired to generate significant equity value for the Company’s shareholders in both the short and medium period. Moreover, the Directors shall take all reasonable steps to ensure that the resulting equity value is reflected in the Company’s share price. The Directors intend to fund such projects, based on obtaining positive and encouraging results at each stage using a flexible mixture of cash, equity, joint-venturing, revenue and royalty sharing and/or debt. The Directors intend to actively monitor any investments, joint ventures, acquisitions and development programs.
  • At present the Directors have begun the due diligence process on several opportunities pointed in this document. Some pre-commitments have been started. Initial due diligence on any opportunities shall be carried out by the Directors, who may in addition commission it to a third party if appropriate including the preparation of competent reports etc. Any third party shall be carefully chosen based upon their relevant experience and acceptability to the relevant Stock Exchange authorities.

The Company shall keep corporate overheads as low as possible and the Directors shall not draw any remuneration from the Company until a substantial investment or acquisition is made. The Directors expect to recruit additional board members in due course, who shall not draw any remuneration from the Company until such time as the transaction is completed. The Company’s investments exclusively executed through wholly or partly owned local subsidiaries. The Company shall concentrate on projects aimed at renewable energy projects to serve the demands of incoming international business. The Company management aims to identify and secure development opportunities through its local and international network of strategic relationships and then to realize them working with internationally renowned cooperators.

What We Do

Equipment-Automation and Control

Our range includes accessories for small hydro:

  • Weirs coating
  • Cleaner grids
  • Movable valves
  • Power generators
  • Relief valves
  • Other devices depending on the needs

In addition, we can offer you technical advice in the selection of generators, technical conditions connections, sensors, etc.


  • Permitting and Design
    • Initial analysis on the potential and viability of hydropower plants
    • Environmental documentation
    • Cost estimates, financial engineering and economic analysis
    • Public (Government) consultations
    • Preparation of documents for environmental and building permits
    • Spatial concepts (exterior design concepts)
    • Correct company formation including the documentation of the project in the Articles of Association of the application for Special Purpose Vehicles (SPVs)
    • Water flow analysis
    • Selection of technologies to reduce environmental impact
  • Construction and Implementation
    • Selection of the optimal technology / manufacturer of water turbines
    • Projects to repair water systems
    • Project documentation
  • Operations
    • Monitoring of new or existing projects
    • Consulting (to external parties) on investments and management of small hydropower plants
    • Implementation of administrative procedures for existing power plants to meet environmental and energy laws


Turbine is the smallest we have on offer. It is produced in both horizontal and vertical.

Technical characteristics:

  • Rotor diameter - 700 mm
  • the type of rotor - Kaplan with 4 adjustable blades
  • steering system - 12 blades with external control
  • Power generators
  • the range of optimum efficiency - 90%.
The drop in m 3,0 4,0 5,0 6,0 7,0 8,0 9,0 10,0
Minimum Turbine flow m3 / s 0,5 0,6 0,66 0,72 0,77 0,83 0,88 0,93
Optimal 0,85-1,5 1,0-1,8 1,1-2,0 1,2-2,2 1,3-2,3 1,4-2,5 1,5-2,6 1,6-2,8
Maximal 1,9 2,1 2,4 2,6 2,8 3,0 3,2 3,4
Flow at a maximum efficiency of 89.7% 1,2 1,4 1,5 1,7 1,8 1,9 2,0 2,1


It’s a classic Kaplan Turbine designed to work on objects with a drop of 1.5 to 10.0 meters. It is made, like all our turbines of cast iron. The rotor has four adjustable levels while the machine is moving cast steel blades. The turbine TWW1100 has a number of new design solutions.

Technical characteristics:

  • Rotor diameter - 1100 mm
  • the type of rotor - Kaplan with 4 adjustable blades
  • steering system - 12 blades with external control
  • specific speed - 650
  • in the range of optimum efficiency - 90.5%.
The drop in m 3,0 4,0 5,0 6,0 7,0 8,0 9,0 10,0
Minimum Turbine flow m3 / s 1,25 1,45 1,6 1,8 1,9 2,05 2,2 2,3
Optimal 2,1-3,8 2,4-4,3 2,7-4,9 3,0-5,3 3,2-5,8 3,4-6,2 3,6-6,2 3,8-6,9
Maximal 4,6 5,3 5,9 6,5 7,0 7,5 8,0 8,4
Flow at a maximum efficiency of 89.7% 2,9 3,4 3,5 4,1 4,5 4,8 5,1 5,4


The Kaplan Turbine is a turbine with a rotor diameter 1550 mm. The turbine is built in classic vertical shaft Kaplan, adjustable steering setting and changeable angle of the four rotor blades. Blades are made of cast steel. All axes and the pins are made of stainless steel. The bodies of the blade housing and management are of cast iron. The application of the above materials is to ensure longevity and reliable operation of the turbine.

Heavy cast iron bodies effectively dampen vibrations ensuring stable and quiet operation of the turbine.

Technical characteristics:

  • Rotor diameter - 1550 mm
  • the type of rotor - Kaplan with 4 adjustable blades
  • steering system - 12 blades with external control
  • specific speed - 650
  • in the range of optimum efficiency - 91%
The drop in m 3,0 4,0 5,0 6,0 7,0 8,0 9,0 10,0
Minimum Turbine flow m3 / s 2,5 2,9 3,2 3,5 3,8 4,1 4,3 4,6
Optimal 4,2-7,5 4,8-8,6 5,4-9,7 5,9-10,6 6,3-11,4 6,8-12,2 7,2-12,9 7,6-13,7
Maximal 9,1 10,5 11,8 12,9 14,0 14,9 15,8 16,7
Flow at a maximum efficiency of 89.7% 5,8 6,7 3,5 8,2 8,9 9,5 10,1 10,6


This Kaplan Turbine System is made in two specific speeds - 650 and 800. The Turbine was designed to work on the largest Polish rivers.

  • Rotor diameter - 2100 mm
  • the type of rotor - Kaplan with 4 adjustable blades
  • steering system - 16 blades with external control
  • specific speed - 650, 800
  • in the range of optimum efficiency - 91.5%
The drop in m 2,0 3,0 4,0 5,0 6,0
Minimum Turbine flow m3 / s 3,7 4,5 5,2 5,9 6,5
Optimal 6,2-10,6 7,6-12,9 8,8-15,0 9,8-16,7 10,8-18,3
Maximal 13,7 16,8 19,4 21,6 23,7
Flow at a maximum efficiency of 89.7% 8,7 10,7 12,3 13,8 15,1

Our Portfolio

Positive Economic

We are proud of Koronne Technologie S.A. role as a positive economic catalyst for the companies in our corporate portfolio. We work to identify, invest in and enhance the value of great businesses. As of December 31, 2018, our company held significant interests in 11 companies all over the world with over 100 Million in combined annual revenue employs about 1000 people around the world.

News & Opportunity

Renewable Energy in the Polish Energy Market

There are a number of laws in Poland regarding “green” energy production and its distribution in the future. The question in this context is often referred to as the "triple pack":

  • Law on Renewable Energy Sources (RES)
  • Energy Act
  • Gas Supply Act

The Polish Renewable Energy Act (EEG-PL), which should enter into force in January 2016, provides for comprehensive reforms of the current compensation system for energy from renewable sources. The new law, “What is to get it renewable?” (parliament form #2604 dated 07.07.2014), considers the technology used during power plant’s construction. This should be set upon commissioning of the plant and is valid for 15 years but not starting later than 2028. In order to understand the mechanism, a good explanation of the correcting factors for producing green energy is as follows:

The Ministry of Economy has prepared a regulation on a reference price for investment in renewable energy sources, which will be reported to the first, next year's auction. According to the adopted in May 2015 the Law on renewable energy sources, all new projects involving the construction of renewable energy power above 40 kW, whose owners will want to, use the force after 2015. Support system must be reported to the auction. In the auction, baskets auction for the installation of renewable energy with power from 40 kW to 1 MW and above 1 MW, will support investors who, in the case of projects submitted gathered permits necessary to start the production of energy - which is confirmed by the Energy Regulatory Office - and offered the lowest prices for the sale of energy. The owners of projects that will be eligible for support under the auction will receive 15-year guarantee energy sales after the price offered in the auction, which will be increased each year for inflation. In line with the auction system, offered in a public auction for the sale of energy prices may not be higher than indicated by the government maximum prices - the so-called. reference prices. In addition, the reference price level will determine the maximum support level of investment - e.g. In the form of grants - which will be able to receive investor in addition awarded in the auction support at the operational level. Under the Law on renewable energy sources in the case of an auction for new projects, economy minister has to take into account when determining the reference price: technical and economic parameters of the installation, capital expenditures incurred during the preparation of the project and its construction with the necessary technical infrastructure and operating costs and additional expenses Investment incurred during the operation in which the installation is subject to the mechanisms and instruments of support. The Ministry of Economy submitted a draft regulation was indicative of the reference prices that will apply in 2016.

The reference prices for new renewable energy projects According to the draft regulation, the reference prices for new investments in renewable energy sources will amount to:

  1. Hydropower plants of up to 1 MW - 445 zł / MWh
  2. Hydroelectric power plants with a capacity exceeding 1 MW - 480 zł / MWh

Economy Ministry proposes in the draft regulation identical to the reference prices for renewable energy installations upgraded after January 1, 2016. In their calculations, the reference prices draw attention to the relatively low values adopted for installation in groups of up to 1 MW.

In mid-April, it published a draft Regulation of the Minister of Economy on the quantity and value of the electricity generated in installations of renewable energy sources with a total installed capacity of not more than 1 MW, which should be sold by auction in 2016. Regulation concerning Cart Bidding for projects with a capacity of up to 1 MW is assumed that the average price of energy for the winning projects in this group will be 470.01 zł / MWh.

Meanwhile, proposed just the reference prices for each technology group up to 1 MW are lower than this value. On the other hand, in the case of installations above 1 MW Ministry of Economy has taken before the average price of energy sold at auctions at 380.98 zł / MWh. The forecast average price was adopted taking into account the average value of property rights resulting from certificates of origin in 2014. (Zł 199.43 / MWh) and the value of the average sales price of electricity on the competitive market for 2013 (181.55 zł / MWh).

Renewable Energy in the Polish Energy Market

There is currently an opportunity to create a roll-up of small-medium sized players in the Polish Hydropower market.

The opportunity is simply as follows:

  1. We have negotiated the purchase of a stake in a polish hydroelectric turbine producer and dam construction company where we are currently a major shareholder (see
  2. We have identified the 3 best “shovel-ready” hydro-electric opportunities in our region of Poland and negotiated the purchase of these properties. The first project, MEW Dobroszów (6.6 GWh / year - detailed information available on request) is in our control, has been financed, and construction will commence in the near future. The two additional projects (one of 7GWh / year and one of 12.7GWh / year) have all environmental impact studies completed and are waiting on final construction licenses. Initial acquisition terms have been negotiated, but the owners will not sell to a party that does not currently have the funds to guarantee completion of the projects. With the right backing there are certainly many other attractive opportunities in the country.
  3. We are currently in negotiation with a Polish electricity trading company in the region to acquire a controlling share in their company which will allow us to sell our electricity to the polish Electricity Exchange (the TGE). At the end of 2014 there were approximately 50 or so these small trading companies available, many of which could be combined into a more efficient regional energy trading house by essentially buying their existing contacts and combining the operations of the companies. 1 It is possible for any company to get a license to trade on the exchange, but it takes approximately 1 year of paperwork and review and is not guaranteed.

Essentially, we believe there is a strong opportunity (with enough capital) to quickly roll-up these small to medium scale operations in the Polish market. By creating a vertically integrated energy supply market it should be possible to squeeze much greater efficiencies and profits out of this supply chain. We estimate the amount of Capital required to implement project would be between 15 and 30 million Euros (including all construction costs) and depending on the number of hydroelectric projects created and the number of energy companies acquired.


Poland 25 years ago was not the economic miracle it is today. Since 1989, the country’s GDP per capita more than doubled and exports have increased more than 25 times (more than $250 billion today). Even during the 2008-09 global financial crisis, Poland was the only EU economy not to sink into a recession. Poland’s stability, legal regime, and proximity to other locations in Europe make it a very attractive location for investment.

Although Poland is a country with scarce water resources compared to its size (relative to other European countries). It is more significant in the fact that is lags behind in its use of the limited hydropower capacity that it does have.

Poland's hydropower resources are estimated at about 13,7 TWh per year, but Poland uses only 12% of its hydropower resources, which constitutes 7,3% of its whole public power system. And this production comes primarily from 5-6 “major” projects (over 100 MW). In 2010 Poland had 722 small hydropower plants and a total installed capacity of 275 MW (generating 1,036GWh per year). By 2020, the aim is to have 840 plants with a total installed capacity of 332 MW, generating 1,130 GWh, while the total economic small hydropower potential with environmental constraints is 1,928 GWh

The first hydropower facilities were built in Poland in the interwar period. The development of hydropower facilities intensified in Poland after World War II. They were the low and high head plants, but also facilities with equilibrium reservoirs and reversible units. After World War II, in Poland, within its new borders, there were a lot of small hydropower plants, which initially were ignored by utility companies and were devastated. Later, they were gradually activated. The construction of new facilities, modernization of existing ones, as well as reconstruction of those degraded, are often obstructed by significant ecological restrictions.


This is the opportune moment to enter the Polish market. A number of reforms have taken place in the past several years to make the country more competitive in the energy distribution and production. However, there is still not enough capital to take advantage of these opportunities.

The energy market is regulated such that producers sell their supply either directly to major consumers (e.g. a mine or brewery) at an agreed upon price, or sell to traders in the market via an auction mechanism. However the auction mechanism sets a floor price at 450 PLZ (approximately 110EUR) / MWh. So, as long as the economics of a production project work at this floor price, then any other income is a bonus. For example, in the project currently being undertaken by our company (MEW Dobroszów) we expect construction costs to be around 4 Million EUR1 with a completion time of 16 months. Based on the minimum electricity price of 110/MWh. We expect revenue for the project to be approximately 726.000 EUR / year (110 EUR/MWh x 6600 MWh/y) giving a payback period to the investor of less than 6 years. This payback time could be decreased through potentially higher electricity prices or collateralizing future revenues. As the expected lifetime of this asset is at least 80 years there are many options open to investors.

Any investor that can come in with enough financial backing is also, very easily, able to get construction loans from Polish banks a very attractive rate so as not to tie up capital that could be better used for other purposes. Especially with Bank Ochrony Środowiska Bank of Environmental Protection and BGK

Project Goals

Although the final details need to accommodate the legal and fiscal requirements of the investors the general concept is as follows:

  • Create and Capitalize Investment Holding Company (HC): The investment will create a Polish Investment Holding Company which will take control of the various parts of the project. There exists the relatively easy possibility to list this entity on the Polish New Market exchange to make the shares in the company liquid for the owners and partners.
  • Purchase / Exchange Shares in various entities with HC: All of the partners in project realized there is much greater upside in the creation of a larger entity. Although most of the current shareholders in the various entities will request some partial cash payment, many of the initial acquisitions can be done through share trades with the holding company.
  • Create Operations: As the pieces are put together, there will need to be a rationalization of operations (offices, personnel, IT, etc.). Although there will be some costs involved in this, the costs in Poland are significantly cheaper than many European countries (downsizing personnel costs approximately 2 month’s salary).
  • Construction of Initial Projects: Simultaneous to The fund will focus on existing companies seeking capital for new or existing projects. Companies will not be complete startups, and must have some sort of collateral for the investment. Companies, or company principles, must be willing to guarantee a portion of the investment themselves (10-20%) through collateralization of existing assets or cash investments into the project.
  • Seek other opportunities in Poland: With correct capital backing it will be much easier to approach attractive long term opportunities in Poland and surrounding areas. The team has very strong relations and has been in long discussions with Minister of Energy there on how to bring more Renewable Energy development to the country. These projects also have strong backing from the EBRD, UNIDO, and other international development agencies.
  • Exit: The exit for the company would either be a sale to one of the major Water or energy companies (e.g. GDF Suez) or through a listing on a “major” exchange in the U.S. or UK. As mentioned previously, an international listing can be prepared for (at very low cost) through a local listing on the Polish New Market exchange.

Principal Risks of the Fund

Like any investment, the first is a risk is the ability of the managers to select investments that will raise in value according to investors’ expectations. However this is especially important in this fund due to the long period required for many of the investments to realize their value. The good and the bad of Hydropower investments is they have lifetimes of 80+ years.

In Hydro Power investments there are 2 primary risks: 1, the water resources will cease to exist at a future date due to climate change; 2, environmental regulations will change to make the production and sale of power impossible or financially unacceptable. With these risks in mind investments and projects will be examined closely for their payback period and profitability under extreme conditions.

The Project Management

The operations will be managed by a team from the Polish investment company Koronne Technologie S.A. (which currently has owns many of the assets) as well as additional experts brought in as needed. These parties have significant experience working in the Renewable Energy Industry, fund management and a deep knowledge of operational aspects of small and growing international companies and their activities.


By joining the program "HYDROTECHNOLOGIE", the feeder brings the declared amount of money to the fund. Depending on the phase of the project planning permission is granted, the measurements of energy resources carried out and eventually built the hydroelectric plant. The company starts the profits from the sale of the energy produced to market and write down green certificates.

At the end of the financial year of the company's award of the fee/dividend is for investors, net of all applicable taxes and minimum reserves, are provided. The investor receives a dividend in proportion to the shares held by him in the SPV. According to the investment agreement, the shareholders of the target company receive a guaranteed payment of a dividend for the life of the hydroelectric power plant every year. According to the Commercial Code, the same amount is granted for each share.

The program „HYDROTECHNOLOGIE " is divided into two phases: the investment process and the life - service of the turbine: Depending on the equity investors between projects can choose (including projects with planning permission) with varying degrees of complexity, thus shortening the waiting time for the first dividend significantly.


Steps to become a shareholder in energy companies:

  • Meet with specialists for renewable energy technologies
  • Meet the conditions of the plant
  • Notaries acquisition of shares in a declared value of the investment
  • Acquisition of new shares through a capital increase (performed by the General Meeting)
  • Notification of the capital increase in the SPV to the National Court Register


A "turnkey" implementation of the construction of a hydroelectric plant requires a lot of experience, industry knowledge, production, project office and highly qualified staff. The general contractor for the Koronne Technology SA, the company Wodel LLC (

Wodel LLC is a company of professionals that has collected over almost two decades of experience in the development of individual projects in Poland and Europe. The company works closely with leading industries and the best experts in the field of hydropower energy, environment, finance and law. General contractors under the agreements signed is responsible for the investment process as a whole.

The investment process is in particular the acquisition of the rights to the land, survey of the energy resources of water, conservation of ultimate decisions and permits, closure of bank financing, supply of equipment for hydroelectric power plant, construction, installation, connection to the mains supply and use of waterpower.

Key factors for the plant

The investment consists of the acquisition of shares in the SPV MałaElektrowniaWodna. The investor becomes a co-owner of a hydropower plant. Carried out over the entire lifetime of the investors a dividend, which is proportional to the number of shares, held.

  • Investor Shares are the assets and can be traded and inherited the secondary market. The investor is co-owner of all the assets of the company, which clearly about the progress of the project (Notaries Act) also grows.
  • For investors there are no additional costs. All costs incurred during the program costs are included in the price of the shares.
  • Investment protection guarantees the legal form of the company and of the Polish Commercial Code. The full responsibility for the obligations of the SPV made solely by the company itself and is supported by his administration.
  • Agreement between the SPV and the general contractor guarantees the hydropower commissioning within a specified period, which is counted from the start of operation of the target society.
  • In the event of a delay in the work, which could lead to a risk of a timely completion, the General Contractor is the sanctions provided for in the contract, saddled.
  • In hydropower plants are used solely brand new turbines. The facilities are to ensure maximum productivity for each hydropower plant carefully and individually selected.
  • General Contractor and at the same manufacturer of the equipment, offers guarantees, maintenance and repair of technical efficiency throughout the life.
  • The program "HYDROTECHNOLOGIE" provides investors with projects of varying complexity, including projects with a final building permit.

The investment’s process

The scheme of the investment described as follows:

  1. Delivery of this document to a potential investor;
  2. Investor’s decision on investment;
  3. Filing of the registration details form and subscription for ordinary shares form;
  4. Conclusion of an investment agreement between an investor and the Company;
  5. Increase of the share capital in the Target Company;
  6. Taking up the newly created shares in the increased share capital of the Target Company;
  7. Registration of the increased share capital with the registry court of the Target Company.


Current Projects

As described above, only 1.5% of Polish energy is currently produced by hydropower out of an estimated potential of around 12%. Based on the fact that there are less than 500 current projects in Poland, this means there are potentially thousands of small-hydro opportunities in the country.

The Company has done extensive research on 3 potential projects as well has having meetings on several other projects in the near future.

The key investment opportunities include Legnica, Dobroszów and Mielec:


MEW Dobroszów (Construction in Progress)

Planned annual production of energy from hydroelectric power plant with and annual output of approximately 6.600 MWh.


MEW Legnica (Acquisition Negotiated)

MEW, installed power 110 kW, 3 m fall, Q = 4.5 m3 / s, near Legnica, with a building permit, productivity 650-700 MWh / year.

MEW Mielec (Acquisition Negotiated)

Planned annual production of energy from hydroelectric power plant with approximately 7 000 MWh/ year.



Management and Advisors

Marek Przemyslaw Tomiak
Investor, architect and project initiator

Michał Portalewski
Finance department

Paweł Rozmienc
Department of machining and steel structures

Aleksander Tomiak
Tadeusz Wawrzykowski
Konrad Wawrzykowski

Natali Derdzikowska
Specialist for project development

Krzysztof Jasiński
Legal department

Tadeusz Borkowski
Turbine production and assembly department

Przemek Jan Marchlewicz

Agnieszka Kocięcka
Quality management system

Contact form

Imię i nazwisko
Koronne Technologie S.A.
00-819 Warszawa, ul. Złota 61/100
+48 576 356 598



NIP PL5272663177

Registered Capital100.100,10 PLN

Online Privacy Notice

We at the Koronne Technologie S.A., together with our subsidiaries and affiliates listed here (“KT S.A.”), respect your concerns about privacy. This Online Privacy Notice describes the types of personal information we collect on, and our careers pages that are accessible through (collectively, the “Sites”), how we use the information, with whom we may share it and the choices available to you regarding our use of the information.  We also describe the measures we take to protect the security of the information and how you can contact us about our privacy practices.

Information We Obtain

The types of information we collect on the Sites includes:

  • Personal and business contact information (such as name, postal and email address, and telephone number); and
  • Other personal information you submit to us, such as information you provide to register for email alerts.

In connection with a job inquiry or application on our careers pages, you may provide login credentials; information regarding your work authorization status, education history, employment history and professional designations; and other information about your qualifications.  You also may provide information regarding your political contributions for the last two years for legal and compliance purposes.  In addition, where legally permissible, you may provide information regarding your gender, race/ethnicity, and your veteran and disability status.  Koronne Technologie S.A. will not consider either this information or your choice to decline to provide it in evaluating your qualifications for employment with us.  This information will be used only for Equal Employment Opportunity reporting and other legal and compliance purposes. In connection with our Investor Portal at, you may provide login credentials; financial information (such as banking information and account number); taxpayer ID number; jurisdiction of tax residence; date of birth; and certain investment-related information.

Information We Obtain By Automated Means

When you visit our Sites or open our emails, we may collect certain information by automated means, such as cookies, web server logs, web beacons and JavaScript.  The information we collect in this manner includes IP address, network location, browser characteristics, device characteristics, operating system, referring URLs, information on actions taken on our site, and dates and times of website visits.  Cookies are files that websites send to your computer or other Internet-connected device to uniquely identify your browser or to store information or settings on your device.  We also may use these and similar technology in emails we send you to collect certain information, such as whether you opened or clicked on links in our email.  Our Sites may use cookies (such as HTTP and HTML5 cookies) and Flash cookies, as well as other types of local storage (such as browser-based or plugin-based local storage).  Some of these cookies may be placed by third parties such as our service providers.  Your browser may tell you how to be notified when you receive certain types of cookies and how to restrict or disable certain cookies.  You also may be able to delete your Flash cookies or adjust your Flash cookie settings by visiting the Adobe Flash. Please note, however, that without cookies you may not be able to use all of the features of our Sites or other websites and online services.

In conjunction with gathering information through cookies, our web servers may log information such as your device type, operating system type, browser type, domain, and other system settings, as well as the language your system uses and the country and time zone in which your device is located. We also may record information such as the address of the web page that referred you to our Sites and the IP address of the device you use to connect to our Sites. We may log information about your interaction with the Sites, such as which pages you visit. To control which web servers collect information by automated means, we may place tags on our web pages called “web beacons,” which are small files that link web pages to particular web servers and their cookies.

We also may send instructions to your device using JavaScript or other computer languages to gather the sorts of information described above and other details about your interactions with the Sites.

We may use third-party web analytics services on our Sites, such as those of Google Analytics. These service providers help us analyze how visitors use the Sites. The information obtained for this purpose (including your IP address and other information collected by automated means) will be disclosed to or collected directly by these service providers. To learn about opting out of Google Analytics, please click here.

The providers of third-party plug-ins and widgets on our Sites, such as embedded videos and social media sharing tools, may use automated means to collect information regarding your use of the Sites and your interactions with the plug-ins and widgets.  This information is subject to the privacy policies or notices of the providers of the plug-ins and widgets.

To the extent required by applicable law, we will obtain your consent before collecting personal information using cookies or similar automated means.

How We Use the Information, We Obtain

We may use the information described above to:

  • Provide products and services to you, such as market commentary and email alerts;
  • manage your investments;
  • send you promotional materials, newsletters and other communications;
  • create and manage your account;
  • communicate with you about, and administer your participation in, special events, programs, promotions, offers, surveys and market research;
  • respond to your inquiries;
  • manage your employment application, assess your qualifications and manage your employment with us;
  • verify your information;
  • perform data analyses (including market and consumer research, demographic analyses and anonymization and aggregation of personal information);
  • operate, evaluate and improve our business (including developing new products and services; enhancing, improving and analyzing our products and services; managing our communications; and performing accounting, auditing and other internal functions);
  • protect against, identify and prevent fraud and other unlawful activity; and
  • Comply with and enforce applicable legal requirements, relevant industry standards and our policies, including our Terms and Condition of Use.

In addition, we use information collected through cookies, web beacons, web server logs and other automated means for purposes such as (i) customizing our users’ visits to our Sites, (ii) delivering content tailored to our users’ interests and the manner in which our users browse our Sites, and (iii) managing our Sites and other aspects of our business.

We also may use the information in other ways for which we provide specific notice at the time of collection.

Neither we nor any third parties on our Sites obtain personal information about our visitors’ online activities, over time and across third-party websites. Our Sites are not designed to respond to “do not track” signals from browsers.

Information We Share

We do not disclose personal information we obtain about you through the Sites, except as described in this Online Privacy Notice. We may share your personal information with our affiliates and subsidiaries. We also may share personal information with service who perform services on our behalf based on our instructions.  We do not authorize these service providers to use or disclose the information except as necessary to perform services on our behalf or comply with legal requirements. We also may disclose information about you (i) if we are required to do so by law or legal process, (ii) to law enforcement authorities or other government entities based on a lawful disclosure request, or (iii) when we believe disclosure is necessary or appropriate to prevent harm or financial loss, or in connection with an investigation of suspected or actual fraudulent or illegal activity. We reserve the right to transfer personal information we have about you in the event we sell or transfer all or a portion of our business or assets (including in the event of a reorganization, spin-off, dissolution or liquidation). In addition, we may share anonymous/aggregate information with third parties, such as service providers, for any purpose. Information collected through third-party plug-ins and widgets on the Sites (such as information relating to your use of a social media-sharing tool) is collected directly by the providers of the plug-ins and widgets. This information is subject to the privacy policies of the providers of the plug-ins and widgets, and Koronne Technologie not responsible for those providers’ information practices.

Data Transfers

We may transfer the personal information we collect about you to recipients in countries other than the country in which the information originally was collected. Those countries may not have the same data protection laws as the country in which you initially provided the information.  When we transfer your information to recipients in other countries (such as the U.S.), we will protect that information as described in this Online Privacy Notice.

Your Rights and Choices

We offer you certain choices in connection with the personal information we collect from you. To update your preferences or submit a request, please contact us as indicated in the “How to Contact Us” section of this Online Privacy Notice.  To the extent provided by the law of your jurisdiction, you may request access to the personal information we maintain about you or request that we correct, amend, delete or block the information by contacting us as indicated below.  Where provided by law, you may withdraw any consent you previously provided to us or object at any time on legitimate grounds to the processing of your personal information, and we will apply your preferences going forward.

How We Protect Personal Information

We maintain administrative, technical and physical safeguards designed to protect personal information we obtain through the Sites against accidental, unlawful or unauthorized destruction, loss, alteration, access, disclosure or use.

Links to Other Websites

Our Sites may provide links to other websites for your convenience and information. These websites may operate independently from us. Linked sites may have their own privacy notices or policies, which we strongly suggest you review.  To the extent any linked websites are not owned or controlled by us, we are not responsible for their content, any use of the websites, or the privacy practices of the websites.

Updates to Our Online Privacy Notice

This Online Privacy Notice may be updated periodically and without prior notice to you to reflect changes in our personal information practices. We will post the updated version on the Sites and indicate at the top of the Notice when it was most recently updated.

How to Contact Us

If you have any questions or comments about this Online Privacy Notice or if you would like us to update information, we have about you or your preferences please email us at you also may write to

Koronne Technologie S.A.
Attn: Legal & Compliance
ul. Złota 61/100
00-819 Warszawa

Cookies policy

Cookie Notice (EU)

This notice explains what cookies are and the types of cookies Koronne Technologie (“we”) uses on

What are cookies?

A "cookie" is a text file that websites send to a visitor’s computer or other Internet-connected device to uniquely identify the visitor’s browser or to store information or settings in the browser.

Do we use cookies on the Sites and if so, why?

Yes. We use cookies (including HTTP, HTML5 and Flash cookies) and similar technologies (such as web beacons and JavaScript) to customize and improve the users’ visits to our Sites, to deliver content tailored to the users’ interests and the manner in which they browse our Sites, as well as to manage our Sites and other aspects of our business.

What types of cookies are used on the Site and what choices do you have?

Below is a list of the cookies that we would like to use on our Sites. You can indicate your acceptance of all cookies or a selection of cookies that you allow us to use on our Sites. Please note that, depending on your selection, you may not be able to take full advantage of the Sites. Please also understand that a cookie will be placed on your device to allow us to remember your choice.

How to modify settings for cookies?

Cookie Type


Strictly, Necessary Cookies These cookies are necessary for the Sites to work, and enable you to move around on them and use their services and features. Disabling these cookies will encumber the Sites' performance, and may make these services and features unavailable. Strictly necessary cookies are used to collect session ID and authentication data. They are session cookies, which expire when you close your browser session.

Functional cookies are used to collect information about your language preferences and other preferences indicated during your visit to the Sites. For example, functional “session” cookies allow the Sites to remember settings specific to you, such as your country selection, which ultimately improves your web experience. Functional cookies also include persistent cookies, which are used to remember your preferences when you subsequently visit our Sites. Functional “persistent” cookies expire after 7 days.

Analytic Cookies Analytic cookies are used to gather statistics about the use of the Sites in order to improve the performance and design of the Sites and our services. For these purposes, analytic cookies collect information about your device type, operating system type, browser type, domain, other system settings, IP-address, referring URLs, information on actions taken on the Sites and the dates and times of your visits, as well as the country and time zone in which your device is located. These cookies are provided by our third-party analytics tool provider, Google Analytics, and the information obtained through these cookies will be disclosed to or collected directly by this third-party service provider. For more information about Google’s cookie and information practices (including the types of cookies used and their expiration date), please visit the link below:

Google Analytics

Third Party Cookies we collaborate with third parties to provide you with connections to certain social networks, such as Facebook, Twitter and LinkedIn, and to provide you with additional features, such as YouTube and Vimeo. By engaging with third-party plug-ins and widgets on our Sites, such third parties may place session or persistent cookies on your browser. The use of these cookies is subject to such third party’s own cookie policies linked below:

  • YouTube
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  • Facebook
  • LinkedIn
  • Twitter

How do I disable or remove cookies?

You can restrict the use of cookies on the Sites by visiting this “Cookie Notice.” A link to this “Cookie Notice” will be provided at the bottom of all webpages on the Sites. You may also restrict or disable the use of cookies through your web browser. Each type of web browser offers ways to restrict and delete cookies. For more information on how to manage cookies, please visit the appropriate link below.

  • Internet Explorer
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Furthermore, you can delete Flash cookies or adjust your Flash cookie settings by visiting the Adobe Flash Website Storage Settings Panel and Global Storage Settings Panel.

For more information on how we collect, use and share your personal information, please read the Koronne Technologie Online Privacy Notice.

Privacy Policy

Koronne Technologie S.A. informs and qualifies that the data posted in this website and the websites linked to it do constitute a binding offer of whatever services, including banking services provided to users of this website. The data posted here purely for general reference and information purposes.

Koronne Technologie S.A. reserves the right to introduce complete and/or partial changes in the content posted on this website, without notice. Koronne Technologie S.A. will incur no liability for accuracy, currency or completeness of the products, services, analysis and information presented and published on this website or any websites linked to it. The entire risk of using the supplied information is borne by the user of the bank's website, also in the case of any damage arising from use of any information contained in it.

User of this website is advised that electronic mail and other forms of Internet enabled transmission may not be free of interference of third parties and are not of confidential nature. The above legal disclaimers do not apply to the use of the Koronne Technologie S.A. electronic banking services.

All rights to the entire content of this website are reserved. Users of this website have the right to download and print out entire pages or their fragments provided they do not infringe on the copyright and the rights arising from the registered trademarks being a passion of Koronne Technologie S.A. No part of this website may be used for commercial purposes by copying it in full or any of its parts, electronic transmission or through its modification, linking or any other form of use without prior written consent of Koronne Technologie

Note: Privacy policy is concluded in two different languages: English and Polish. In case of any dispute relating to interpretation, the Polish version shall prevail and be conclusive.

  1. All terms written with capital letters, if not defined below, will share the definitions stated in Regulations. The Privacy Policy is a standalone component of the Regulations.
  2. Koronne Technologie S.A. pays great attention to provide best privacy security of it’s Users, and with scrupulosity takes necessary technical, and management means to provide safety, security and privacy of the processed personal data of each User, and other people, especially against its loss, improper use, and unauthorized modification. Koronne Technologie S.A. processes and secures personal data under Koronne Technologie S.A. Office, according to requirements stated in law rules about service providing by electronic means (Dz. U. 2002, Nr 144, pos. 1204), law rules from 29.08.1997 about safety of personal data (Dz. U. 2002, Nr 101, pos. 926 j. t.) (“UODO”), also Interior and Administration Ministers regulation from 29.04.2004 about documentation of personal data processing, and technical and management requirements, that devices and information systems used for personal data processing should conform to (Dz. U. Nr 100, pos. 1024). Especially Koronne Technologie S.A. secures personal data under Koronne Technologie S.A. Office against unauthorized access, as well as against processing it in ways that might violate the rules of applicable law, and exercises constant control over the personal data processing, allowing only authorized personnel to take part in the process.
  3. The Data Administrator, according to UODO definition, of Users and other people personal data, which are used under Koronne Technologie S.A. Office is Koronne Technologie S.A. with headquarter localized by Twarda Street 18, (00-105) in Warsaw listed in merchants register of National Judicial register - KRS under KRS 0000397811 number, with stock of 100.100, 10.00 PLN, Tax Number - NIP PL5272663177.
  4. 4. Koronne Technologie S.A. processes personal data of Users in scope necessary to reference, create content and proper implementation of provided Services by electronic means, under Koronne Technologie S.A. Office. Koronne Technologie S.A. processes personal data of other people, to recommend them the use of Koronne Technologie S.A. Office, by Users.
  5. Personal Data of Users under Koronne Technologie S.A. Office, are processed to:
    • purchase, sale or exchange of currency mediation by electronic means;
    • executing by Koronne Technologie S.A. obligations of institution required by law rules about counteracting money laundering and funding of terrorism (Dz. U. 2010, Nr 46, pos. 276 t. j.);
    • send information about Currency Rates by electronic means;
    • sale and handling Currency Cards;
    • consideration of reclamations of provided by Koronne Technologie S.A. Office Services;
    • billing and sending invoices for Services provided by Koronne Technologie S.A. Office, and bills settlement.
  6. Provided personal data may also be used for marketing purposes, by the Data Administrator, i.e. Koronne Technologie S.A., including providing banners promoting Koronne Technologie S.A. Office, sending newsletters and awarding Users with bonus for recommending the use of Koronne Technologie S.A. Office. After concluding the use of Services, may process personal data of Users extended by art. 19 of law rules from 18.07.2002 about service providing by electronic means (Dz. U. 2002, Nr 144, pos. 1204).
  7. Provision of personal data used by Services is entirely voluntary, excluding cases where rules of applicable law obligate it’s mandatory provision, i.e. law rules, mentioned in point 5. b) above. Users and other people, which data are processed under, have the right to access and correct the content of their personal data. In case, if provided by the User, in process of registration, personal data should become out-of-date, User declares self obligation, to correct the data immediately.
  8. Users personal data under, are acquired directly from Users, data of other people may be acquired indirectly through Users. People, whose personal data www.koronnetechnologie.comacquired through Users, have the right to issue a written objection, against further processing their personal data for marketing purposes, or forwarding it to a third party data administrator.
  9. comdoesn’t provide personal data of Users and other people to third parties, excluding cases associated with subjects authorized to receive the data due to rules of the applicable law, including judicial, financial supervision and law enforcing authorities.
  10. Users’ personal data are stored for period necessary for proper provision of Services, including billing for use of Services, with exception of cases in which the law obligates to store them for extended period. Personal data of other people provided by the Users are processed only when necessary for recommending the use of
  11. www.koronnetechnologie.comis not responsible for privacy policies of third parties, both those available to Users by links posted on websites and in applications, as well as those, which post links leading to
  12. processes Users IP addresses acquired at every internet connection for technical and statistical purposes, also if necessary for User identification in case of Regulations violation.
  13. stores on Users computer or other device small files called “cookies”, which are necessary for proper use of Services available via www.koronnetechnologie.comWebsite. In case when Application is used, User preferences associated data containing necessary for proper communication between User and information, are stored on User's computer or other device. does not store any other data on Users device. Read more about Cookies policy.
  14. reserves the possibility of future modifications of Privacy Policy, independently from Regulations modifications. Every change in Privacy Policy will be announced using the website. Every User using after the announcement date, accepts the changes in Privacy Policy.
  15. In case of any questions about rules of providing privacy, security and personal data processing under, please contact Koronne Technologie S.A. using post office, sending correspondence to address provided in point 3 above, or using e-mail:

Terms and Conditions of Use

By accessing or using this website (the “Site”) of The Koronne Technologie S.A. and its affiliates (collectively, "Koronne Technologie"), you hereby accept and agree to comply with these Terms and Conditions of Use. You acknowledge your understanding that these Terms and Conditions of Use constitute a binding agreement between you and Koronne Technologie (sometimes referred to as “we” or “us”) that governs your access and use of the Site, which includes any images, text, illustrations, designs, icons, photographs, programs, music clips, downloads, systems and methods of trading, video clips, graphics, user interfaces, visual interfaces, information, data, tools, products, written materials, services and other content (together, "Content"), including but not limited to the design, structure, selection, coordination, expression and arrangement of the Content available on or through the Site.


Limited Right to Use

Koronne Technologie grants you a limited right to use the Site. Your right to use the Site is subject to your agreement to abide by these Terms and Conditions of Use in their entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Site. At any time and for any reason Koronne Technologie may revoke your right to use all or any portion of the Site.

Updates to the Site

Koronne Technologie reserves the right to make changes to the Site and these Terms and Conditions of Use at any time without prior notice to you. For this reason, each time you use the Site, you should visit and review the then-current Terms and Conditions of Use that apply to your use of the Site.

Site Security:

You may not violate or attempt to violate the security of the Site. Tampering with any portion of the Site, providing untruthful or inaccurate information, misrepresenting your identity, or conducting fraudulent activities on the Site, whether or not through the use of agents, are prohibited and constitute a breach of these Terms and Conditions of Use.

You are prohibited from violating or attempting to violate the security of the Site, including, without limitation, (a) accessing data not intended for you or logging onto a server or an account which you are not authorized to access; (b) disabling, removing, defeating, or avoiding any security device or system, including, without limitation, any password and login functionality used to authenticate users; (c) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization; (d) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Site, overloading, "flooding," "spamming," "mail bombing" or "crashing;" (e) sending unsolicited email, including promotions and/or advertising of products or services; (f) forging any TCP/IP packet header or any part of the header information in any email or posting; (g) using or attempting to use any engine, software, tool, agent or other device or mechanism (including, without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Site other than the search engine and search agents available on the Site and other than generally available third party web browsers; (h) reverse engineering, decompiling or disassembling the underlying software; (i) removing any notices, warnings, labels, annotations or instructions from any portion of the Site or any related material, including, without limitation, any patent, trademark, copyright, or other proprietary notices or license provisions; or (j) otherwise invading the privacy of, obtaining the identity of, or obtaining any personal information about any user of the Site.

Koronne Technologie may investigate occurrences that might involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations. We may, without prior notice or warning of any kind, restrict or terminate the access of any and all users to the Site if we reasonably conclude that such restriction or termination is necessary to prevent, or prevent the further spread, of a virus, security breach or system malfunction.

Ownership of Materials on Site:

You may download or copy Content only to the extent such download is expressly Koronne Technologie permitted in writing on the Site. No right, title or interest in any downloaded materials or software is transferred to you as a result of any such downloading or copying. You may not reproduce (except as noted above), publish, transmit, distribute, display, modify, create derivative works from, sell or participate in any sale of or exploit in any way, in whole or in part, any of the Content, the Site or any related software.

The Koronne Technologie is the trademarks of Koronne Technologie. Nothing on the Site shall be interpreted as granting any license or right to use any image, trademark, trade dress, logo or service mark on the Site. Anything transmitted to the Site by you becomes Koronne Technologies’ property and may be used by us for any lawful purpose. Koronne Technologie reserves all rights with respect to copyright and trademark ownership of all material on the Site, and will enforce such rights fully of the law.

Unless otherwise noted, all Contents are copyrights, trademarks, trade dress and/or other intellectual property owned, controlled or licensed by Koronne Technologie or by third parties who have licensed their materials to Koronne Technologie and are protected by international copyright laws. The compilation of all Contents on the Site is the exclusive property of Koronne Technologie and is protected by international copyright laws.


We may collect certain aggregate and non-personal information when you visit the Site. We may collect this information through "cookie" technology. Cookies are bits of text that can be placed on your computer's hard drive when you visit certain web sites. Cookies may enhance your online experience by saving your preferences while you are visiting a particular site. The "help" portion of the toolbar on most browsers will tell you how to stop accepting new cookies, how to be notified when you receive a new cookie, and how to disable existing cookies. Remember, though, without cookies, you may not be able to take full advantage of all of the Site features.

No Offers or Reliance

The information on this website is provided for informational purposes only. No Content or other material on the Site shall be used or considered as an offer to sell or a solicitation of any offer to buy the securities or services of Koronne Technologie or any other issuer. Offers can only be made where lawful under, and in compliance with, applicable law.

Koronne Technologie makes no representations that transactions, products or services discussed on the Site are available or appropriate for sale or use in all jurisdictions or by all investors. Those who access the Site do so at their own initiative and are responsible for compliance with local laws or regulations.

While Koronne Technologie uses reasonable efforts to obtain information from reliable sources, Koronne Technologie makes no representations or warranties as to the accuracy, reliability or completeness of any information or document at the Site obtained outside of Koronne Technologie. Certain information on the Site may contain forward-looking statements, which reflect our views with respect to, among other things, our operations and financial performance. Such forward-looking statements are subject to various risks and uncertainties and speak only as of the date on which they are made. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from this indicated in these statements. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” "believe," "expect," “potential,” “continue,” “may,” “should,” “seek,” “approximately,” “predict,” "anticipate," "optimistic," "intend," “plan,” “estimate,” "aim," "will" or the negative version of these words or similar expressions. Koronne Technologie undertakes no obligation to update publicly or revise any information on the Site, whether as a result of new information, future developments or otherwise. Opinions and any other Contents at the Site are subject to change without notice.

Koronne Technologie is not utilizing the Site to provide investment or other advice, and no information or material at the Site is to be deemed a recommendation to buy or sell any securities or is to be relied upon for the purpose of making or communicating investment or other decisions. In addition, no information, Content or other materials contained on the Site should be construed or relied upon as investment, legal, accounting, tax or other professional advice or in connection with any offer or sale of securities. Any transactions listed on the Site are included as representative transactions and are not necessarily reflective of overall performance.

Koronne Technologie does not advise on the tax consequences of any investment.

Past Performance

Past performance is not indicative of future results; no representation is being made that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.

No Warranty; Limitation on Liability



Any Content downloaded or otherwise obtained through the Site is done at your own discretion and risk and you are solely responsible for any damage to your computer or other electronic system or loss of data that results from the download of any such Content. The foregoing limitation of liability will apply in any action, whether in contract, tort or any other claim, even if an authorized representative of KORONNE TECHNOLOGIE has been advised of or should have knowledge of the possibility of such damages.

Third Party Content and Linked Sites

References on this Site to any names, marks, products or services of third parties, or hypertext links to third party sites or information or Content provided by third parties, are provided solely as a convenience to you and do not in any way constitute or imply our endorsement, sponsorship or recommendation of the third party, its information, materials or services. We are not responsible for the practices or policies of such third parties, nor the Content of any third party sites, and do not make any representations regarding third party materials or services, or the Content or accuracy of any material on such third party sites. If you decide to link to any such third party sites, you do so entirely at your own risk.

Blogs and Social Networks

Certain areas within the Site may allow you to participate in blog discussions and other forms of social networking. These blogs and social networks are accessible to other users, and any information posted in such areas can be read, collected, shared, or otherwise used by other users who access the Site. You are solely responsible for any information you choose to submit in these forums.

Warning Regarding Web Fraud and Phishing

Our name, brands and reputation may be misused by imposters and frauds publishing fake web sites and engaging in "phishing" scams seeking personal or confidential information.

When communicating with Koronne Technologie through digital media, please:

  • Confirm you are visiting a Koronne Technologie authorized web site.
  • Do not share your password and login ID with anyone, including anyone from Koronne Technologie. Certain Koronne Technologie web sites are private, available only to clients through secure log-in procedures. Apart from allowing you to use your password and log-in to enter an authorized web site, Koronne Technologie will never ask you for your password or log in information. (If you forget your password or login, we will issue you new ones.)
  • Do not communicate or deal with personnel who are not affiliated with an authorized office. All authorized office locations are listed on our contact page. No other office locations are authorized offices of Koronne Technologie.
  • Do not send e-mails to anyone with an address other than authorized Koronne Technologie e-mail addresses. Koronne Technologie only uses “” for e-mail addresses. Koronne Technologie does not permit our employees and authorized representatives to send or receive work related e-mails from personal accounts or any other address.

If you have any questions about the above, please contact Koronne Technologie using our Contact Us page.

Termination of Use

These Terms and Conditions of Use are effective unless and until terminated by either you or Koronne Technologie. You may terminate these Terms and Conditions of Use at any time, provided that you discontinue any further use of the Site. We also may terminate these Terms and Conditions of Use, in our sole discretion, at any time and may do so immediately without notice, and accordingly deny you access to the Site. Upon any termination of these Terms and Conditions of Use by either you or us, you must promptly destroy all materials downloaded or otherwise obtained from the Site, as well as all copies of such materials, whether made under these Terms and Conditions of Use or otherwise.


As a condition of your use of the Site, you agree to indemnify and hold Koronne Technologie and its Associates harmless from and against any and all claims, losses, liability, costs and expenses (including, but not limited, to attorney’s fees), as incurred, arising from your use of the Site or related services or from your violation of these Terms and Conditions of Use.

Representations and Warranties

You represent and warrant that: (i) you have full authority and all rights necessary to enter into and fully perform all of your obligations pursuant to these Terms and Conditions of Use; (ii) you have not and you will not enter into any agreement or perform any act which might contravene the purposes and/or effects of these Terms and Conditions of Use; and (iii) you will not delete any Content.

Effect on Other Agreements

Nothing contained in these Terms and Conditions of Use is intended to modify or amend any other written agreement you may have with Koronne Technologie (including without limitation any customer agreement, participation agreement or account agreement) (collectively, “Other Agreements”), if any, that may currently be in effect. In the event of any inconsistency between these Terms and Conditions of Use and any Other Agreement, the Other Agreement will govern. Some pages within the Site contain supplemental terms, conditions, additional disclosure, and disclaimers, which are in addition to these Terms and Conditions of Use. In the event of a conflict, such supplemental terms, conditions, additional disclosures, and disclaimers will govern for those sections or pages.

Governing Law

Headings used in these Terms and Conditions of Use are for reference purposes only and in no way define or limit the scope of the section. The laws of Poland (except for conflict of law provisions) govern these Terms and Conditions of Use. Any claim related to any dispute arising as a result of the Site or under these Terms and Conditions of Use will be made before a court of competent jurisdiction located in Warsaw. If any provision of these Terms and Conditions of Use is held to be unenforceable, such provision will be reformed only to the extent necessary to make it enforceable. The failure of Koronne Technologie to act with respect to a breach of these Terms and Conditions of Use by you or others does not constitute a waiver and will not limit Koronne Technologies’ rights with respect to such breach or any subsequent breaches.


By using the Site, you agree that Koronne Technologie, at its sole discretion, may require you to submit any disputes arising from the use of the Site, related services or these Terms and Conditions of Use concerning or, including disputes arising from or concerning their interpretation, violation, nullity, invalidity, non-performance or termination, as well as disputes about filling gaps in this contract or its adaptation to newly arisen circumstances, to final and binding arbitration under the International Rules of Arbitration of the Warsaw Arbitration Association, by one or more arbitrators appointed in accordance with the said rules. Notwithstanding these rules, however, such proceeding shall be governed by the laws of the state as set forth in the previous section.

Business Continuity Summary Disclosure Statement

If you cannot contact Koronne Technologie through normal channels, please check The Koronne Technologie web site for alternative means of communication.

Koronne Technologie S.A.
Attn: Legal & Compliance
ul. Złota 61/100
00-819 Warszawa

The Koronne Technologie business continuity plan is subject to change at any time, in Koronne Technologies’ sole discretion.