The Office of Competition and Consumer Protection (OCCP) has approved the formation of PGE EJ 1, a joint undertaking of the energy groups PGE Polska Grupa Energetyczna, Tauron, and Enea and of the mining group KGHM Polska MiedΠto build Poland's first nuclear plant.

An OCCP analysis commenced on August 1, 2014 has concluded that the transaction will not impede competition in the power generation and distribution market. With the completion of the nuclear plant planned for 2025, its share of the electricity generation market in Poland is expected to total approximately 7%; thus, significant increase in the individual market positions of PGE, Tauron, or Enea in the energy generation and distribution market is unlikely.

PGE EJ 1 was established in January 2010 by PGE which, as part of the approved transaction, aims to sell a 10% stake in the company to each of the four partners in the venture.

NOTE: For the full text of the PGE EJ 1 approval (in Polish), please visit:
download.php?plik=15639

Additional information for the media:
Małgorzata Cieloch, Spokesperson for UOKiK
Press Office
Pl. Powstańców Warszawy 1, 00-950 Warszawa
Tel. 22 827 28 92, 55 60 314, 55 60 430
Fax 22 826 11 86
E-mail: [SCODE]bWFsZ29yemF0YS5jaWVsb2NoQHVva2lrLmdvdi5wbA==[ECODE]