Poland's PGE signs term sheet with ZE PAK for potential acquisitions

PGE Polska Grupa Energetyczna SA

23/01/2025 12:47

GDANSK, Jan 23 (Reuters) - Poland's largest power producer PGE  PGE.WA 
has signed a term sheet agreement for the potential acquisition of gas-fired
power plant project PAK CCGT from power plant operator ZE PAK  ZEEP.WA , PGE
said on Thursday.
    The term sheet also outlined plans for PGE to buy out ZE PAK's 50% stake in
their PGE PAK Energia Jadrowa joint venture, which is preparing a nuclear power
plant project in the Konin region, PGE said.
    

 (Reporting by Rafal W. Nowak
Editing by David Goodman)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))