Poland will need ‘financial partners’ for second nuclear plant
19 October 2024
Poland can pay for the first of two planned nuclear power plants (NPPs) but will have to seek help fund the second, prime minister Donald Tusk said this week, Reuters reports.
“When it comes to the first power plant, we are taking on almost the entire financial burden ourselves. When it comes to the second, we need to look for financial partners,” he said.
He added: “I am a realist. We really want to build it, but we also need real funds for that.”
Poland has ambitious plans to create a nuclear industry, complementing its move into wind energy and reducing its reliance on coal, which last year accounted for 73% of electricity generated.
When the plan was announced in September 2020, the aim was to build six reactors over 20 years for a total price of $40bn.
But when the first plant was awarded to US engineers Westinghouse and Bechtel the cost turned out to be $37bn.
Work on this plant is due to start in Pomerania in 2026, with the first AP1000 reactor scheduled for completion in 2033. Two more reactors will be added by 2036.
If finance can be found, the second plant will be built by Kepco of South Korea and will consist of two APR 1400 reactors installed in the Patnów-Konin region of central Poland.
In July, the Ministry of Climate and Environment issued a “decision-in-principle” to build the second plant.
That’s seen as confirmation that the project is in line with the public interest and the policies pursued by the state.
But there is still some way to go before Warsaw commits itself to going ahead with the second plant.
As well as inflation, the higher than expected cost reflects the difficulty of putting together an industry from scratch – both in Poland and, to some extent, in the US, whose nuclear-building industry has long been dormant.
In September Poland sent a request for European Commission approval of a plan to finance the plant.
The government is also working on legislation that will allow it to inject $15.5bn into state-owned utility Polish Nuclear Power Plants, which is overseeing the building of the first reactor.
Related
-
Samsung and KAFD Signs MOU for Smart City Innovation In Riyadh
24 October 2025
-
Saudi Arabia plans Mecca transit-oriented development
24 October 2025
-
CNBM and Bpifrance Seek to Strengthen Sino-European Industrial and Investment Ties
24 October 2025
-
Fives Group Chairman and CEO Frédéric Sanchez Visits CNBM Group
24 October 2025
-
Saudi Arabia selects contractor for $1.4bn performing arts centre
23 October 2025
-
Kuwait signs $500mln wastewater treatment plant deal with Turkey’s Kuzu
23 October 2025


京公网安备
11010802030424号
京ICP备19046776号-2