WARSAW: A project to develop small nuclear power reactors in Poland is moving forward, with a cooperation agreement between the Polish energy giant ORLEN and two U.S. government financial institutions signed Monday.
Poland is turning toward renewable and non-carbon energy, away from its past reliance on its own coal. Moscow’s invasion of Ukraine has also accelerated Poland’s drive to cut its dependence on Russian oil and gas.
In a ceremony at the U.S. ambassador’s residence in Warsaw, the U.S. EXIM Bank signed a letter of interest in lending up to $3 billion and the U.S International Development Finance Corporation signed a letter of interest to lend up to $1 billion to the ORLEN Synthos Green Energy project for developing some 20 small modular reactors designed by GE Hitachi Nuclear Energy.
