What goes on in Poland on the 28th of December.
The financial model will be developed in the second half of 2023
The Ministry of Climate wants the model for financing nuclear energy in Poland to be presented in the second half of 2023.
Polish Nuclear Power Plants (PEJ) have signed a framework cooperation plan with the American Westinghouse as part of the first nuclear power plant planned in Pomerania with the first reactor in 2033. – The agreement concluded by PEJ and WEC does not concern the business model, or financing. The agreement defines the main principles as well as the next business steps that will be taken by PEJ and WEC in 2023. The model will be selected by the decision of the Council of Ministers, explains the Climate Ministry in a commentary for BiznesAlert.pl.
Our portal informed that various financing models were taken into account, including the Contract for Difference and the SaHo cooperative model developed with the participation of representatives of the ministry. – Currently, analyses are being prepared regarding the investment financing model, which will be defined by the Council of Ministers. The decision on this matter is expected in the second half of 2023. The overriding goal in designing the financing model will be to obtain the lowest possible price of electricity for end users, informs the Ministry of Climate and Environment in a commentary for BiznesAlert.pl.
Koreans challenge the US by financing the nuclear in Poland and transferring technologies
Koreans from KHNP are joining forces with KEPCO and financial institutions from South Korea to create a financial model that could be used to finance the nuclear power plant in Pątnów and technology transfer. Poles are to approve such a model in cooperation with the American Westinghouse in Pomerania in 2023.
– Korea Hydro & Nuclear Power (KHNP) and Korea Electric Power Corporation (KEPCO) signed a memorandum of understanding “Nuclear Power Plant Financing Team Korea” on December 23 with Korean government financial institutions and commercial banks, including Korea Development Bank, Export-Import Bank of Korea and Korea Trade Insurance Corporation. The aim of the initiative is to strengthen cooperation in the field of joint financing of foreign nuclear projects.
– As part of the agreement, KHNP and KEPCO undertook to provide the necessary financial and business information related to nuclear projects developed abroad. At the same time, Korean government financial institutions and commercial banks will create the basis for cooperation in planned nuclear technology export projects and financial support through participation in foreign nuclear projects. In addition to the listed institutions, the following banks also joined the agreement: Industrial Bank of Korea, Kookmin Bank, Shinhan Bank, Woori Bank, Nonghyup Bank and Hana Bank.