Poland's ZE PAK, SGE partner up to build small modular nuclear reactors in Patnow

GE Vernova

13/10/2026 11:22

GDANSK, Poland, Oct 13 (Reuters) - Polish power producer ZE PAK ZEEP.WA and energy infrastructure firm SGE have agreed to establish a joint venture to build and operate small modular nuclear reactors at ZE PAK's Patnow plant in central Poland.
The venture will deploy GE Vernova Hitachi's BWRX-300 reactor technology. SGE will hold a majority stake and lead project management, while a ZE PAK subsidiary will have a minority position.
ZE PAK will prepare the site at its own expense after shutting down its current operations in the location
Once prepared, it will transfer the land to the venture for 300 million zlotys ($76.6 million), payable between 2028 and 2030
The price can be lowered by up to 50 million zlotys depending on the actual site preparation costs
ZE PAK has an option to sell its shares to SGE for €100 million ($112 million) if the venture achieves certain milestones within five years
($1 = 3.9170 zlotys)
($1 = 0.8945 euros)

(Reporting by Marta Maciag, editing by Milla Nissi-Prussak)
((Marta.Maciag@thomsonreuters.com;))