In November, the U.S. International Development Finance Corporation (DFC) signed a Letter of Intent to provide a $1 billion loan to the state company Polskie Elektrownie Jądrowe Sp. z o.o. for the construction of Poland’s first AP1000 nuclear power plant. The plant will be built in collaboration with the consortium of Westinghouse Electric Company and Bechtel at a site near the villages of Lubiatowo and Kopalino in the Choczewo commune, Pomerania, a province in northern Poland.
“The DFC is committed to enhancing regional energy security throughout Central and Eastern Europe. This LOI is a step toward reducing regional reliance on Russian energy exports while also seeking to bolster economic growth and create jobs,” said Agnes Dasewicz, DFC’s Head of Investments.
“Poland’s first nuclear power plant is a symbol of our shared commitment to a clean and secure energy future. A great day for Polish-American relations! The United States is fully committed to supporting Poland’s energy transformation, with strong backing from American financial institutions,” added the U.S. Ambassador to Poland, Mark Brzezinski.
Another declaration of financing for the construction of Poland’s first nuclear power plant, amounting to $17 billion, has already been made by the U.S. Export-Import Bank following years of talks with Westinghouse, supported by PEJ and Bechtel. In August, the Polish government also announced new legislation to provide $15 billion in equity for PEJ.
