Poland is preparing to tap international markets for additional debt funding to support financing its first nuclear power station project, while the country also awaits critical approval from the European Commission for a crucial multibillion-euro state support scheme, Piotr Piela, vice-president of state-owned developer Polskie Elektrownie Jądrowe (PEJ) told NucNet.
Poland has already approved 60.2 billion zloty (€14bn, $16bn) in equity funding, subject to state aid decision, to cover up to 30% of the expected cost of the project to build three Westinghouse AP1000 reactor units in the northern province of Pomerania, with the remaining 70% currently envisaged to be financed through debt.