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POWER: Poland Hopes EC Will Approve Financing for Nuclear Plant by Year End

POWER
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Poland’s Energy Ministry hopes the EC will initiate proceedings on the financing model for the country’s first nuclear power plant by year-end, a crucial step toward launching construction in 2026, Plenipotentiary for Energy Infrastructure, Wojeciej Wrochna said, cited by ISB News.

  • “We need to build a model for its financing as soon as possible, and this requires the consent of the EC," said Wrochna
  • The financing model will focus on minimising electricity costs per megawatt-hour and will be divided into 30% equity and 70% debt.
  • Construction will begin in 2026, with the first concrete pour scheduled in 2028 and operational by 2033 – capacity will be between 1-1.6GW.
  • Subsequent units to follow every 2–3 years, with the total capacity aimed between 6-9GW.
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Poland’s Energy Ministry hopes the EC will initiate proceedings on the financing model for the country’s first nuclear power plant by year-end, a crucial step toward launching construction in 2026, Plenipotentiary for Energy Infrastructure, Wojeciej Wrochna said, cited by ISB News.

  • “We need to build a model for its financing as soon as possible, and this requires the consent of the EC," said Wrochna
  • The financing model will focus on minimising electricity costs per megawatt-hour and will be divided into 30% equity and 70% debt.
  • Construction will begin in 2026, with the first concrete pour scheduled in 2028 and operational by 2033 – capacity will be between 1-1.6GW.
  • Subsequent units to follow every 2–3 years, with the total capacity aimed between 6-9GW.