Poland / State Takes Over Nuclear Company As New-Build Preparations Continue

Deal will help pave way for reactor construction, says Warsaw
State Takes Over Nuclear Company As New-Build Preparations Continue
Secretary of state Piotr Naimski said the takeover is in preparation for the Polish nuclear energy programme. Courtesy Poland PM's Office.
The Polish state treasury has taken full ownership of PGE EJ1, the company charged with managing the country’s planned first nuclear power station, for about €114m in what was said to be “an element in the preparation for realisation” of the Polish nuclear power programme.

Majority owner PGE (Polska Grupa Energetyczna) said an agreement had been reached between the state treasury and all four owners of PGE EJ1 – PGE, energy group ENEA, natural resources group KGHM Polska Miedź and energy holding company Tauron Polska Energia.

PGE owns 70% of the nuclear project entity PGE EJ1, which was set up in January 2010, while ENEA, KGHM Polska Miedź and Tauron Polska Energia each own 10%.

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