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Poland says first nuclear power station to cost $20 bn

Poland says first nuclear power station to cost $20 bn

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WARSAW : Poland’s first nuclear power station, which will be built by U.S. firm Westinghouse Electric Co, will cost around $20 billion, Prime Minister Mateusz Morawiecki said on Wednesday.

Last week, Poland chose Westinghouse Electric Co for the project in a bid to reduce the country’s carbon emissions and phase out coal.

“We have to give an estimate, it will be up to $20 billion or 90-100 billion zloty,” Morawiecki told a news briefing.

Under the government’s nuclear program six reactors with up to 9 gigawatts (GW) of capacity will be built in two locations. A partnership between Korea Hydro Nuclear Power (KHNP), Poland’s top utility PGE SA (PGE.WA), ZE PAK (ZEEP.WA) aims for additional 3 reactors, Climate Minister Anna Moskwa told the same news briefing.

“Poland’s maximum potential is as much as 15 GW of nuclear capacity,” Moskwa said.

Source : AFP
Anand Gupta Editor - EQ Int'l Media Network