The Lubiatowo-Kopalino nuclear power plant project has collected, based on the letters of intent received so far, declarations of financial commitment for a total equivalent of over PLN95bn (€22bn). The project developer Polskie Elektrownie Jądrowe (PEJ) has received letters of intent from American and French companies to finance Poland's first nuclear power plant. The French export credit agency Bpifrance Assurance Export and the French public development bank Sfil will provide over PLN15bn (€3.5bn) to the project. In addition, Export Development Canada will finance up to PLN6bn (€1.4bn), on top of commitments from the American International Development Finance Corporation (€17.5bn) and the US Export-Import Bank (€16.5bn). Cooperation with export credit agencies is an important part of the strategy to secure financing for the nuclear power plant.
PEJ is a special purpose developer owned by the Polish state for the country's nuclear programme. The Lubiatowo-Kopalino is a large-scale nuclear power plant (3 GW) located near the Baltic Sea coast Żarnowiec (Choczewo), which will initially host three AP1000 reactors. Construction is expected to start in 2026, while the plant is scheduled to start supplying power in 2033.
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