Polish nuclear power plants will increase equity

The government’s list for legislative work announced Thursday that it is working on a draft government decision on securing financing for the construction of a nuclear power plant with an electric capacity of up to 3,750 megawatts in the Chuqiu or Gniweno region and. Crocoa municipalities. The Government Commissioner for Strategic Energy Infrastructure is responsible for preparing this project.

As it was emphasized, the construction of the first nuclear power plant in Poland required the active participation of the state treasury. Therefore, the draft resolution stipulates that the Council of Ministers will take the necessary measures – within the framework of applicable regulations – to ensure adequate financing for the construction of a nuclear power plant with an electric capacity of 3,750 MW in Chuqiu or Genuino. and Krokowa, based on American AP1000 reactor technology.

“The Council of Ministers obliges the authorities and the competent entities to take measures to finance the implementation of the investment and increase the shares of the company responsible for preparing and implementing the investment, as well as conducting an analysis of the need to find a support mechanism in order to implement the investment,” he added.

The information on the list added that “the implementation of any of the measures to ensure the financing of investments, if these measures are considered as government assistance, will not take place before the European Commission issues the decision referred to in Article 107 (3) of the Treaty on the Functioning of the European Union recognizing the public assistance granted the company as compatible with the internal market.

On Thursday, the heads of PEJ (Polskie Elektrownie Jądrowe), Westinghouse and Bechtel signed an agreement on a consortium of design and engineering services for the construction of a nuclear power plant in Pomerania. The next stage will be to agree on the design and engineering work, which – as announced by the Minister of Climate and Environment Anna Moskos – will take place this summer.

In November 2022, the Polish government indicated that the technology for the first power plant under the Polish Nuclear Energy Program (PPEJ) would be provided by Westinghouse and that the power plant should be built in Pomerania. PPEJ provides for the construction of two power plants in two different locations. According to the government’s plans, the first block of the first power plant is supposed to start operating in 2033.

In February this year a bridge agreement for pre-design work was signed, which covers 10 major subject areas, for example the development of a detailed investment implementation model, the preparation of safety assessment, the quality control program and the identification of potential suppliers, with a focus on Polish companies. The contract was intended to allow PEJ and Westinghouse to begin the first pre-design work before an executive contract was agreed upon. Westinghouse is also expected to devote more than 100,000 hours to the project. man watches.

Polskie Elektrownie Jądrowe, a company wholly owned by the State Treasury, is preparing the investment process and acting as an investor in the construction of the first nuclear power plant in Poland. PEJ will also be responsible for building and operating more reactors with a gross installed capacity of approximately 6 to 9 GW based on the Generation III+ large-scale pressurized water nuclear reactors and operating them.

April 13th. PEJ has submitted an application to the Ministry of Climate and Environment for a preliminary decision for a nuclear power plant in Pomerania. The primary decision will confirm that the investment is in line with the policy pursued by the state, including the energy policy. This decision will also entitle the investor, Polskie Elektrownie Jądrowe, to apply for other administrative decisions, such as a signed decision and then a building permit.

Westinghouse is a supplier of nuclear reactor technology, maintenance services, a manufacturer of nuclear fuel, and a specialist in PWR pressurized water reactors. The US-based company is currently owned by the Canadian Brookfield Fund; Canadian uranium miner Cameco intends to close a deal to buy a portion of the shares soon.

Bechtel is an engineering company from the United States that deals with, among other things, a construction and project management company based in Reston, Virginia.