Poland's PGE kicks off search for partners in nuclear reactor project

The largest utility in Poland, PGE, is seeking investors and partners for the project to build the country’s first nuclear reactor, Reuters reports.

PGE is leading the $15.96 billion project to build a 3 GW nuclear plant by 2023, with uprates to double capacity expected by 2030. The company is holding meetings through the end of May in search of potential sources of capital investment and partnerships for support services once the plant is in operation.

The PGE reactor project has been slow to take off—the CEO of PGE  raised doubts about the project last year with statements indicating that the company was under pressure due to high costs to choose between nuclear power and shale gas development.

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