By Patryk Wasilewski
WARSAW--Three Polish state-owned companies have each bought a
10% stake in the country's nuclear power plant project, the
companies said Monday.
Poland's second largest electricity producer Tauron Polska
Energia (TPE.WA), its smaller rival Enea SA (ENA.WA) and copper
miner KGHM Polska Miedz SA (KGH.WA) have all bought stakes. The
country's top utility PGE Polska Grupa Energetyczna (PGE.WA) will
remain the main investor with a 70% stake.
Poland's government in 2008 decided to push forward with
construction of the first nuclear power plant in a move to cut its
dependency on highly polluting coal as the main energy source,
putting the state-owned PGE at helm of the project.
However, the global financial crisis and a nuclear disaster in
Japan put the very expensive project on the sidelines with the
government focusing on unconventional gas resources as a way to
diversify energy production.
Originally the power plant was expected to kick off in 2020, but
the launch has been delayed several times.
Write to Patryk Wasilewski at patryk.wasilewski@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
