Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Poland gives details on $20B nuclear power bid

Poland gives details on $20B nuclear power bid

Westinghouse of the US gets the nod to build the country’s first nuclear power plant.
U.S. nuclear power technology provider Westinghouse will build Poland’s first reactor by 2033, Prime Minister Mateusz Morawiecki said Wednesday.

“We assume the overall cost at around $20 billion,” he told reporters, adding: “The upfront capital investment is big but once a nuclear power plant is operational, the cost of generating electricity is relatively low.”

Poland is looking at nuclear power to reduce its dependence on coal, which still accounts for around 70 percent of the country’s energy mix. That also dovetails with an effort to end reliance on Russian coal, oil and gas.

“The need to become permanently independent of energy supplies and energy carriers from Russia is linked to the need to accelerate investment in the construction of Poland's first nuclear power plant,” the government said in a decree approved Wednesday.

Poland is one of the few countries in Central Europe with no nuclear power sector; an effort to build a power plant in the 1980s was thwarted by the 1986 Chernobyl disaster and by Poland’s financial woes.

Warsaw’s nuclear plans are ambitious. The official strategy assumes building six reactors in two locations by the mid-2040s but Morawiecki said a third location is not out of the question.

On top of the government program with Westinghouse, there is a parallel business-led effort with South Korea. Poland’s utilities ZE PAK and PGE signed a letter of intent Monday with Korean company KHNP to analyze a power plant that would be built in central Poland.

The Westinghouse power plant will be built in Choczewo on Poland’s Baltic Sea cost, around 80 kilometers northwest of Gdańsk.

The exact location will be pinpointed once the project secures an environmental permit, Climate and Environment Minister Anna Moskwa told the same briefing.

The goal is to begin construction by 2026 and to start operations in 2033.

Although he sketched out the possible scale of the investment, Morawiecki didn’t provide more details on the financing of what will be one of Poland’s most ambitious infrastructure projects.

“We have financing secured for the current early stages of the project. The bulk of the money will be needed later on and there are several ways of securing it,” he said.

If all of the plants being talked about get built, nuclear power could supply about supply 30 percent of Poland’s energy mix, Moskwa said.

“A strategic partnership with the U.S. to build the first nuclear power plant is a civilizational leap for us to strengthen energy security,” she tweeted.

The three bidders for nuclear projects in Poland were Westinghouse, KHNP and France’s EDF.

Poland also plans to develop offshore wind power in the Baltic Sea as well as onshore wind, solar power and biomass — potentially cutting coal’s share in the country’s energy mix to an estimated 11 percent to 28 percent, according to the country’s energy transition strategy.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×