Poland’s ‘nuclear alliance” expected to sign deal by end-Sept.
September 19, 2013
Power group Tauron expects to sign an agreement with Polish energy giants PGE and Enea and with copper and silver giant KGHM regarding a joint nuclear project by the end of September, Tauron CEO Dariusz Lubera told reporters.
The four companies signed in September 2012 a letter of intent on the purchase of stakes in a special purpose vehicle PGE EJ1 that was set up to construct and operate Poland's first nuclear plant.
"Works in the working teams are on. I think that the agreement could be signed towards the end of September." Tauron would like to have several hundred MW of nuclear energy capacity in its portfolio, which would mean that in a project of 3000 MW capacity it could have an over 10% stake.
The Polish government plans to build two nuclear power plants of 3,000 Megawatts each. The first block should be launched in 2024.