Poland is continuing work on its planned nuclear power plant, but the main concern now is to find a new model of financing the investment, Energy Minister Krzysztof Tchórzewski told on the news conference.
“The preparatory works for building a power plant in Poland started three years ago and are continued,” Tchórzewski said. “There is no decision on building it as the previously prepared contract for difference mechanism would mean the power plant would be too costly. Because of that, the project has been suspended, but we are trying other financial structures, we’ll see if we can make it,” he added.
Poland needs to build 10 GW worth of power units until 2030. Tchórzewski explains that this is a choice between two-three standard type coal plant units or one nuclear unit. “When it comes to the economic efficiency the standard units undoubtedly win. When it comes to the climatic requirements, however, the nuclear units win by a landslide.
The cost of building a nuclear plant in Poland is estimated to be around 40-60 billion PLN. Up to this date around 200 million PLN were spent on the project. “The model of financing which is based on the state is unacceptable”, says Tchórzewski. He added that “the budget can’t finance this as it is a business activity, which means finding an investor for the project”.
Source: The Warsaw Voice, Gazeta.pl, PSCoC/MP
