Skip to Content

US ready to lend Poland $4 billion for nuclear energy plan

KTVZ

By MONIKA SCISLOWSKA
Associated Press

WARSAW, Poland (AP) — A project to develop some 20 small nuclear power reactors in Poland is moving forward as Polish energy giant Orlen and two U.S. government financial institutions signed an agreement. Poland, which has traditionally relied heavily on its own coal and Russian energy imports, is seeking a shift toward energy that’s renewable or doesn’t use climate-changing fossil fuels. In a ceremony Monday, the U.S. Export-Import Bank and the International Development Finance Corporation signed letters of interest to lend billions to the Orlen Synthos Green Energy project. Orlen CEO Daniel Obajtek told The Associated Press that only nuclear power can guarantee energy security and keep the lights on when the wind isn’t blowing or sun isn’t shining.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content