South Korea’s state-owned Korea Hydro Nuclear Power (KHNP) is ready to take up to a 49% stake in Poland’s nuclear power programme as required by the country’s plans to find a partner for its nuclear new-build ambitions, a KHNP official said.

KHNP vice-president Seung-Yeol Lim told the Polish Press Agency (PAP) that the company has “sufficient financial potential” to take part in the project’s financing, but warned it is still an issue that requires “detailed discussions” with the Polish government. “It is a large project requiring huge financial resources, which depends on various factors on financial markets,” he said.

Last month, KHNP presented an offer to build six of its APR-1400 pressurised water reactors (PWRs) for Poland with a combined capacity of 8.4 GW, with the first to be operational in 2033, as laid out in the 2020 Polish nuclear programme.