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Polish Billionaire Heirs Target Nuclear Power Project

Bloomberg Markets •
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The children of Polish billionaire Zygmunt Solorz are seeking to secure a role for their energy unit in Poland's next nuclear power plant project, according to sources familiar with the matter. The Solorz family, which controls ZE PAK, Poland's second-largest power utility, is positioning itself to participate in the country's ambitious nuclear expansion plans. This move comes as Poland seeks to reduce its dependence on coal and transition to cleaner energy sources.

Poland has announced plans to build its first nuclear power plant by 2033, with subsequent reactors to follow. The country's energy strategy aims to have nuclear power provide about 21% of electricity generation by 2040. The Solorz family's energy unit is reportedly looking to leverage its existing infrastructure and expertise in the power sector to secure a stake in the upcoming nuclear project. This development highlights the growing interest from established energy players in Poland's nuclear ambitions.

The Solorz family's bid for involvement in Poland's nuclear future underscores the significant business opportunities emerging from the country's energy transition. As Poland moves away from coal, which currently provides about 70% of its electricity, the nuclear sector represents a major growth area. The family's move also reflects the broader trend of traditional energy companies diversifying into nuclear power as part of their long-term strategies.