Fundamental terms of Poland’s nuclear project agreed

Polish energy giants PGE, Tauron and Enea, as well as copper and silver giant KGHM have agreed on the basic conditions for building Poland’s first nuclear power plant and in September may sign an agreement on purchasing shares in an SPV charged with the construction and maintenance of the plant, PAP Polish news agency reported Tuesday.

“Signing an agreement at the beginning of September seems possible,” a PAP source said. At the end of June, the companies agreed to continue efforts aimed at purchasing stakes in a special purpose vehicle PGE EJ1 that was set up to construct and operate Poland’s first nuclear plant.

The four companies signed in September 2012 a letter of intent on the purchase of stakes in an SPV set up to build Poland’s first nuclear power plant.

PGE power will have the leading role in the process of preparing and realizing the project.

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