US bank eyes US$980 million funding for Poland’s first nuclear plant
14 November 2024
The US International Development Finance Corporation (DFC) has drawn up a letter of interest on a US$980 million (PLN 4 billion) investment in the nation’s first nuclear power plant project.
Westinghouse rendering of the AP1000 reactor for the Lubiatowo-Kopalino plant in Poland. Image courtesy Westinghouse
The funding is being coordinated with Polskie Elektrownie Jądrowe (PEJ), a special-purpose entity fully owned by Poland’s State Treasury.
The construction project’s main US partners include energy giants Westinghouse and Bechtel, which have been involved in planning and support strategies since 2022.
The Westinghouse AP1000 reactor technology has been selected to power the Lubiatowo-Kopalino plant, located in the northern Choczewo municipality.
Poland’s Ministry of Climate and Environment recently issued a decision-in-principle to greenlight the reactor’s commercial operation by 2033.
Agnes Dasewicz, DFC’s head of investments, said, “DFC is dedicated to enhancing energy security across Central and Eastern Europe. Our involvement here aims to reduce dependence on Russian energy while simultaneously promoting economic growth and job creation.”
