Updates on nuclear policy in Poland

The Ministry of Energy (MoE) should submit the revision of the Principal Nuclear Program (from 2014) (PNEP) to the government. This has been delayed, and now it is expected at the turn of this and the next year, more likely in January at the earliest.

A financial model should be attached to the revised PNEP but its announcing has been delayed even stronger than the PNEP. In general, the Minister has rejected the CfD scheme already some time ago. He has declared that at least the first unit will be financed from "national sources" only without explaining the details, of course. The general factual situation in that regard is that the whole state-owned energy sector has been already burdened with imposed decisions to fund other mega-investments and transactions, mostly in the coal-burning subsector and re-acquisition of foreign companies assets (e.g. a dozen of power plants from EDF which is trying to raise funds to cover its losses in nuclear business elsewhere and following this it is retreating from PL). Therefore, one may expect that funds from some other sectors will be made to be involved, like state-owned banks or pension funds.

MoE is declaring to open the tender for the construction in early 2018, even in January, soon after the expected approval of the revised PNEP. Following this, a concrete consortium would be appointed to construct the planned first unit of the first unit(s) with significant contract(s) signed.