PGE SA, Poland's largest energy firm, has signed a deal with GE Hitachi Nuclear Energy (GEH) for a feasibility study on plans to build its first nuclear power plant, statements said Tuesday.
The US-based GEH "will help PGE study the feasibility of building up to four reactors based on one of GEH's reactor designs," a GEH statement said.
PGE said the accord, reached on March 1, "does not include an exclusivity clause between both companies in the area of the development of nuclear energy in Poland."
PGE said it "plans to sign other accords of this kind with other partners with experience in building and running nuclear reactors."
Polska Grupa Energetyczna said it inked a protocol with France's EDF in November to conduct similar feasibility studies.
PGE plans to build two nuclear power plants with initial capacity of 3,000 Megawatts each. The first is scheduled to be operational by 2020.
Poland holds a majority stake in PGE which was floated on the Warsaw Stock Exchange (WSE) in November, raising some 1.4 billion euros (1.9 billion dollars). It has since become the largest company on the WSE worth some 10.59 billion euros.
PGE runs some 40 coal-fired power plants and two brown coal mines in Poland.
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