Korean KHNP likes clean energy, nuclear in Poland, Energy News, ET EnergyWorld
Poland produces most of its electricity from coal, but pressure from investors and many governments, along with the rising costs of carbon emission certificates, has pushed the country to seek out sources of energy. low and zero emissions.
Although the overall process is not carbon neutral, nuclear generation produces zero emission electricity and Warsaw is seeking a partner to build 6-9 gigawatts (GW) of nuclear power capacity and provide equity financing 49% for the project.
The cost of the Polish share, officials estimate, would be 80 billion zlotys ($ 20.75 billion).
Poland’s most advanced tech and finance talks are with the United States, but he has held talks with France as well.
Jae-Hoon Chung, chief executive of KHNP, a unit of Korea Electric Power Corp (KEPCO), told Reuters that South Korea may also be interested and is considering submitting a bid.
“We have many entities that can support this plan, such as Korea Export Credit Agency, KEXIM Bank and Korea Trade Insurance Corporation, KSURE … I am sure our offer can fully meet expectations. of the Polish government, ”Chung said. Poland’s plan to find a partner.
KHNP is already among the potential bidders to build a nuclear power plant in the neighboring Czech Republic, but Chung said Poland may face more challenges as it develops nuclear for the first time.
He said he expected the bidding in the Czech Republic to start in December after security concerns were resolved.
KHNP, which does not invest in fossil fuels, is also interested in other alternatives that Poland is pursuing, including wind and solar power, he said.