PGE Polska Grupa Energetyczna and Zespół Elektrowni Pątnów-Adamów-Konin (ZE PAK) have been given the green light by the Office of Competition and Consumer Protection (UOKiK) to set up a company to prepare the analyses and obtain the approvals needed to build a 2,800 MW nuclear power plant. The estimated cost of the project is USD 24 billion.
PGE Polska Grupa Energetyczna, the leader of the power and system heat sector in Poland, and ZE PAK want – together with Korea Hydro & Nuclear Power – to build a second nuclear power plant in Poland near Pątnów in Wielkopolska.
To establish the joint venture, they had to obtain a concentration approval from the Office of Competition and Consumer Protection, which would confirm that their joint venture, despite its size, would not threaten other companies or end users.
Now the Polish partners can proceed with the next phase of the nuclear power plant project, planned near Pątnów, in the Konin district of Wielkopolska. PGE Polska Grupa Energetyczna and ZE PAK plan that the first of the two reactors will produce energy as early as 2035.
“In the coming weeks, we will formally establish the company and announce the composition of the Supervisory Board and the Management Board indicated by PGE and ZE PAK. From that moment on, it will carry out preparatory tasks for the construction of the power plant and will represent Polish partners in talks with the Korean KHNP”, said Wojciech Dąbrowski, president of PGE Polska Grupa Energetyczna.
Obtaining the approval of the president of the Office of Competition and Consumer Protection (OCCP) was necessary to establish a special purpose vehicle to represent the Polish side in the nuclear power plant construction project. PGE and ZE PAK will each hold 50 % of the shares in it, making decisions by consensus. The company is to guide investors through the next stage, which is a feasibility study, site investigations and environmental impact assessments of the planned nuclear power plant.