“For KGHM, nuclear power means energy self-sufficiency and lower costs”

    By investing in nuclear energy, KGHM will ensure its self-sufficiency in energy, reduce costs on account of CO2 fees and maintain its competitiveness on global markets – said Marcin Chludziński, CEO of KGHM, commenting on the signing of a letter of intent on cooperation between KGHM and NuScale Power, an American producer of small nuclear reactors.

    “Access to cheap electricity is an element of Polish and business raison d’etre,” stressed Marcin Chludziński.

     

    According to him, reducing energy costs and CO2 fees is a priority for KGHM, as it will allow the company to maintain its business advantage on a global scale.

     

    Together with NuScale, KGHM wants to build four small nuclear reactors (77 MWe each) in Poland by 2029. “We intend to have them in use in eight years, which is not a long time in nuclear power,” said the KGHM CEO. In the meantime, NuScale reactors, already certified for the US market, will still need to obtain European certification.

     

    “KGHM’s agreement with NuScale is a landmark moment for the entire Polish economy, as it brings innovative nuclear power technology based on small modules to Poland,” said Karol Rabenda, Deputy Minister of State Assets.

    He pointed to KGHM’s declaration that the surplus energy from the reactors would be made available to the entire Polish energy sector.

     

    “The agreement with KGHM will be an opportunity to demonstrate how our project will contribute to international directives to create a zero-carbon economy and improve people’s lives,” said NuScale Power CEO John Hopkins.

     

    “The agreement signed also means that KGHM is joining in the implementation of the climate targets assumed by the Polish government,” confirmed Marcin Chludziński.

    Read also KGHM to build first small nuclear reactors in Poland

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