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Detail – Energy Country Profile

PGE, ENEA, Tauron and KGHM agree on nuclear power project

PGE Polska Grupa Energetyczna, KGHM Polska Miedź, TAURON Polska Energia and ENEA have agreed on the future ownership structure and principles of operation of a special purpose vehicle, PGE EJ1, established for the construction and operation of the first Polish nuclear power plant.

http://www.enerdata.netCompliant with the provisions of the agreement, PGE will hold 70% in the share capital of the company; TAURON Polska Energia, KGHM Polska Miedź and ENEA will purchase 146,000 shares each, which accordingly constitutes 10% in the share capital of PGE EJ1. The agreement also contains the principles of participation of all the parties in the project of development and construction of an atomic power plant in Poland.
The first nuclear power plant in Poland should be built in Zarnowiec and should have a total capacity of 3,000 MW. It could be commissioned as early as 2025, depending on the political evolutions, since Poland is weighing both the nuclear and shale gas options.

Source: www.enerdata.net 26 September 2013