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Gwypaas | 2 years ago

Is there any public information about the financing?

The recent nuclear plants constructed in the west requires something like $5-15B above the market price in subsidies, of course depending on size. Would be interesting to know how they intend to solve that.

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aredox|2 years ago

A lot of things are weird about Poland finances. They buy very expensive military hardware in huge quantities, and now a nuclear plant? Were does the money come from? And were will the money for all the necessary maintenance come from in the future?

ilyt|2 years ago

> Were does the money come from?

Inflation...

Mvandenbergh|2 years ago

PGE will finance it on-balance sheet, the way they would a coal plant. Most likely there will be US export finance for the elements coming from the US but most spend on big nuclear plants is local.

>The recent nuclear plants constructed in the west requires something like $5-15B above the market price in subsidies, of course depending on size, EPR at 1600 MWe or AP1000 at 1000 MWe. Would be interesting to know how they intend to solve that.

I'm not really clear what this means? All power plants require financing for their construction cost which is pretty definitionally the market cost of construction. If you mean how this will will interface with the Polish electricity wholesale market, well that market is already pretty dominated by a few large vertically integrated players settling trades with themselves. Presumably PGE will buy the electricity and treat it the same as their other electricity, they may receive a subsidy per MWh as well or maybe just avoiding the ETS costs of their current coal emissions will be enough to make the economics stack-up.

Gwypaas|2 years ago

> I'm not really clear what this means? All power plants require financing for their construction cost which is pretty definitionally the market cost of construction.

It is hard to finance a plant when you will on average sell the power at a loss. The money has to come from somewhere.