Poland’s first nuclear power plant, slated to begin construction in 2028 in Choczewo, Pomerania, is attracting significant international financing interest. Piotr Piela, Vice President of Polish Nuclear Power Plants (PEJ), revealed that multiple export credit agencies are eager to invest in the project. “This is one of the few nuclear projects in Europe being built from scratch, and we plan to take full advantage of this favorable situation,” Piela stated.
Export Credit Agencies Step In
PEJ recently secured letters of intent worth approximately $18 billion from U.S.-based EXIM Bank and DFC, agencies specializing in export credits and development financing. The company is in advanced discussions with two additional foreign entities, aiming to secure debt financing for 70% of the project’s estimated PLN 200 billion cost. Around 80% of this debt is expected to come from export credit agencies.Many agencies view the project as an opportunity to boost component exports from their respective countries. “Even if suppliers from a given country are not selected, some agencies are likely to remain involved,” Piela emphasized. This global competition underscores the strategic importance of Poland’s nuclear ambitions for international stakeholders.