nuclear-news

Poland delays nuclear power project – stuck on lack of finance

American-Japanese group GE Hitachi , France’s Areva and Westinghouse, a U.S unit of Japan’s Toshiba , have all signalled interest in supplying technology for the project that has already faced a number of bureacratic delays.

Poland’s PGE delays nuclear tender PGE will not launch tender as planned in Q2  Still working on financing model for project. Investment estimated to be worth $8.79-14.65 bln WARSAW, June 27 (Reuters) – PGE has delayed launching the technology supplier tender for Poland’s first nuclear power plant as it works out how it will finance the multi-billion dollar project, PGE’s chief executive said on Wednesday.

PGE chief Krzysztof Kilian did not say when the tender, previously scheduled for the second quarter of 2012, would move forward. The cost to build the first reactors is estimated at 30 billion to 50 billion zlotys ($8.79-14.65 billion). We will not launch the tender in June (as previously planned),…….

American-Japanese group GE Hitachi , France’s Areva and Westinghouse, a U.S unit of Japan’s Toshiba , have all signalled interest in supplying technology for the project that has already faced a number of bureacratic delays.

PGE, which may run the project with a partner, is also considering
whether to pursue state guarantees. Two state-controlled utilities
Tauron and Enea have expressed interest in participating in the
nuclear programme.

At 1154 GMT PGE’s share price lost 0.7 percent to 19.06 zlotys against
a 0.3 percent rise in Warsaw’s large-cap index WIG20.
http://in.reuters.com/article/2012/06/27/poland-pge-idINL6E8HRAYW20120627

June 28, 2012 - Posted by Christina Macpherson | EUROPE, marketing, politics