Poland may need $30 bln from foreign investors to build nuclear plant

Poland will probably need around $30 billion by 2040 from foreign investors to build its first nuclear power station, Energy Minister Krzysztof Tchorzewski said on Wednesday.

Poland, which generates most of its electricity from coal, plans to build a nuclear power plant with a capacity of 6 gigawatts (GW) – and an option to expand it to 9 GW – to reduce carbon emissions and secure power supplies.

The energy ministry has said it expects the first unit of the plant, with a capacity of 1.0-1.5 GW, to be ready by 2033, with the whole 6-9 GW project completed by 2043.

The government is now working on the project’s financing.

Source: https://www.reuters.com/article/poland-nuclear/poland-may-need-30-bln-from-foreign-investors-to-build-nuclear-plant-idUSL8N24B3HL

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