Without finding the right way to address the issue of affordable financing for new nuclear power plants, there will be no successful nuclear projects and the transition to zero emission clean energy system will be much more difficult, Poland’s undersecretary of state for climate and environment Adam Guibourgé-Czetwertyński said.

In his opening remarks at a technical workshop on innovative nuclear financing, Mr Guibourgé-Czetwertyński the “necessary” development of nuclear power encounters many challenges and problems, and one of the most important is the availability of adequate and effective financing at reasonable costs.

“It is indeed one of the greatest challenges that we face in bringing new power plant from the development stage to a reliable safe and economic commercial operation,” Mr Guibourgé-Czetwertyński.

Poland has said it wants to build from 6,000 to 9,000 MW of installed nuclear capacity based on proven, large-scale, pressurised water nuclear reactors of Generation III and III+ designs.