Poland considers building nuclear power plant to reduce CO2 emissions

Poland is considering the construction of a nuclear power plant in the near future in order to reduce the country’s carbon (CO2) emissions, according to its Energy Minister Krzysztof Tchorzewski.

“In the nearest realistic future we will be building [a nuclear plant] because we simply need an emission-free power plant and we have to take this decision in the nearest future,” Tchorzewski said, referring to the European Commission’s CO2 emission reduction targets.

Poland needs to build an entirely new financing model to make it happen, as previous solutions put an excessive burden on the state. “We want it be on market terms,” Tchorzewski said.

At end-January Tchorzewski told reporters that a new financing program for the planned nuclear plant would be ready by end-H1 2017. The project is led by PGE EJ1, a unit of power group PGE minority owned by Tauron, Enea and KGHM copper.