nuclear-news

US to cooperate on Poland’s nuclear plans, Argus 9 October 2020, The US and Poland are set to sign an agreement to co-operate on Poland’s nuclear development programme, envisaging construction of 6-9GW of nuclear generation capacity, with the first unit to start in 2033.US secretary of energy Dan Brouillette and Poland’s secretary of energy infrastructure Piotr Naimski today agreed to sign a long-term agreement between the governments of both countries to co-operate on Polish nuclear development.

The agreement, which had been already signed by the US side and is to be signed by Poland in the near future, provides that over the next 18 months the countries will work together on a financial and technical report on Poland’s nuclear power programme. This report will be the basis for US long-term involvement and for the Polish government to take final decisions on construction of nuclear power plants in the country, the US Department of Energy said………..

Earlier this year a Polish nuclear consortium led by government-controlled PGE sold its stakes in the PGE EJ 1 subsidiary, which initially was to be developing nuclear plants. In 2009 PGE said it planned to develop 6GW of nuclear capacity. Since then the company has struggled to come up with a financing model, and it recently opted to abandon its nuclear plans and focus on renewables. Under the current financing model, Poland plans to set up a joint venture with strategic foreign investors for development of the plants, with the Polish government maintaining at least 51pc. Tentative partners, beyond US companies, include firms from France and South Korea. https://www.argusmedia.com/en/news/2151529-us-to-cooperate-on-polands-nuclear-plans