Energy, EU – Baltic States, Lithuania, Nuclear power plant

International Internet Magazine. Baltic States news & analytics Friday, 25.07.2014, 11:24

Poland considering to return to Visaginas NPP project

Petras Vaida, BC, Vilnius, 16.05.2012.Print version
Polish energy company PGE (Polska Grupa Energetyczna) is considering to return to the project of the Visaginas Nuclear Power Plant (NPP) construction, Polish daily Dziennik Gazeta Prawna said.

However, the Polish company would like some business terms to be changed.

 

Deputy CEO of Polish state-controlled PGE Pawel Skowronski spoke about a possibility to return to the project during the European Economy Congress in Katowice, writes LETA/ELTA.

 

According to Skowronski, Polish could renew the talks on this issue, if the Lithuanians were inclined to negotiate on changes in the business terms which the company would see as acceptable.

 

Skowronski did not comment on the amount of shares the company would like to hold. He said that PGE would like to return to Lithuania not only because of business, but also due to strategic considerations , as he said: "in a few years we will have common energy market, and seeing the situation from this perspective, it would be better to be than not to be a part of the Lithuanian project."

 

Skowronski also said that PGE was interested in returning to Lithuania not only for business considerations but also for strategic purposes. Poland and Lithuania will be members of a single energy market in a few years, and that is why Poland should rather participate in Lithuania's project than not, said Skowronski.


Last year in December, Polish energy company PGE announced suspending its participation in the Visaginas NPP project.

 

Shortly thereafter, PGE said it was suspending participation in the Visaginas project, taking into consideration the circumstances that were making PGE's participation in the project impossible, as well as other key projects of PGE.


At the moment, the three Baltic countries and Hitachi, the strategic investor in the Visaginas nuclear plant, are continuing implementation of the project. It was also said that this did not mean a complete withdrawal, however, at that time the Polish press was telling that suspension was only a polite form of withdrawal.

 

Governed by the state PGE is responsible for building a NPP in Poland, construction works of which are planned to be started in 2016 and finished in 2020.












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