PGE EJ 1 launches environmental studies on nuclear power plant

PGE subsidiary, PGE EJ 1 has launched environmental impact studies in three municipalities in Northern Poland, Choczewo, Krokowa and Gniewino. One of the sites will most likely be picked as the planned nuclear power plant location. The studies are expected to be concluded in H1 2020, company said in a market filing. At the same time, Polish government is working on financing the project and expects to have a plan on this by end-2017. The project, announced back in 2014, envisioned launching the first nuclear power plant in 2024. Later, the deadline was later pushed to 2029. According to the plan, the nuclear power bloc will have 1,000 MW capacity.