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Poland may require €27bn from foreign investors for its 1st nuclear project

According to the Polish Ministry of Energy, Poland may require around US$30bn (€27bn) from foreign investors by 2040 to finance the construction of its first nuclear power plant. The country, which currently relies on coal for most of its power generation, adopted in 2014 the Polish Nuclear Power Programme (PPEJ) that foresees the construction of two nuclear power plants of 3,000 MW each (to be commissioned in 2029 and 2035). According to the draft energy policy until 2040, one 1-1.5 GW nuclear power project could start commercial operations in 2033. Five additional nuclear power plants (6 to 9 GW) could be launched every two year by 2043.

The Polish government is now working on financing the project. Total investment is estimated at US$60bn (€54bn). Poland has signed a Memorandum of Understanding (MoU) with the United States on energy cooperation including nuclear. Other foreign partners might be involved in financing the project.

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