A project to develop small nuclear power reactors in Poland is moving forward, with a cooperation agreement between the Polish energy giant ORLEN and two U.S. government financial institutions signed Monday.
FILE - smoke rises from chimneys of the Turow power plant located by the Turow lignite coal mine near the town of Bogatynia, Poland, on Nov. 19, 2019. A scheme to develop small nuclear power reactors in Poland is moving forward, with a co-operation agreement between the Polish energy giant ORLEN and two U.S. government financial institutions. Poland, which has traditionally relied heavily on its own coal and Russian energy imports, is seeking a shift toward renewable and non-carbon energy.
In a ceremony at the U.S. ambassador’s residence in Warsaw, the U.S. EXIM Bank signed a letter of interest in lending up to $3 billion and the U.S International Development Finance Corporation signed a letter of interest to lend up to $1 billion to the ORLEN Synthos Green Energy project for developing some 20 small BWRX-300 modular reactors designed by GE Hitachi Nuclear Energy.
At a later news conference, Poland's Prime Minister Mateusz Morawiecki said that Poland needed a “cheap, clean and reliable energy source” like the SMR reactors, which will produce emission-free energy and be a driving force for the economy for decades to come. PKN ORLEN president, Daniel Obajtek said Poland's first BWRX-300 reactor should be launched in 2029 and will be the world's second, after a similar one becomes operational in Darlington, Canada.
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