South Korea makes offer on Poland’s nuclear project

May 25, 2022, 9:22AMANS Nuclear Cafe

Seung Chul Lee, deputy chief executive officer of Korea Hydro and Nuclear Power, has told the Polish Press Agency that KHNP is willing to cofinance the construction of six nuclear power units in Poland. KHNP formally offered to construct the APR1400 reactors, with a total capacity of 8.4 GW, in April. The Polish government plans to have the country’s first nuclear reactor begin operating in 2033 and for subsequent reactors to be completed every two to three years thereafter.

KHNP’s offer: Lee said that KHNP is willing to take 20–30 percent of a 49 percent stake in the Polish nuclear project. He explained that KHNP would make a “direct contribution to the investment,” with additional financing obtained from export credit agencies and possibly commercial banks.

Other companies: Polish officials are also considering offers for reactor construction from various other companies. In October 2021, the French company Électricité de France (EDF) offered to construct four to six nuclear reactors with a total capacity of 6.6 to 9.9 GW. In addition, Polish and U.S. companies have signed agreements to develop plans, including for several small modular reactors.

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