State-controlled PGE (PGE.WA) has abandoned its leading role in plans to build Poland’s first nuclear power station as it focuses on new wind farms in the Baltic Sea, two sources said. Two other sources said state-run refiner PKN Orlen (PKN.WA) could take on PGE’s role. PGE, the largest Polish power group, announced a nearly $10 billion offshore wind project in March but has also been responsible for the nuclear project. Both plans are part of a major change in Polish policy. Coal mining provides around 80 percent of its energy and thousands of jobs but makes it one of Europe’s biggest polluters. The government promised to defend coal from competition but has been forced to look for alternatives to fill an electricity shortfall and to meet European Union emissions targets.
Reuters 10th May 2018 read more »
