US finances Poland to buy US nuclear reactors
The USA finances Poland, but essentially to buy products Made in the US or attributable to US companies.
In a ceremony at the US Ambassador's residence in Warsaw, the US Export-Import Bank and the US International Development Finance Corporation signed letters of interest to lend up to $3 billion and up to $1 billion, respectively to the Orlen Synthos Green Energy project. The goal is to develop about 20 BWRX-300 small modular reactors designed by GE Hitachi Nuclear Energy.
A project to develop small nuclear reactors in Poland is already moving forward , with Polish energy company Orlen and two US government financial institutions signing an agreement.
Poland is moving towards renewable or climate-friendly fossil fuel energy in an effort to break its dependence on coal. Moscow's invasion of Ukraine has also accelerated Poland's drive to reduce its dependence on Russian oil and natural gas. US Ambassador Mark Brzezinski stressed that Russia's aggression against Ukraine, which occurred almost 14 months ago, has reinforced the need to move towards safe and reliable energy sources. Subsequently, Polish Prime Minister Mateusz Morawiecki told a press conference that the country needs a "cheap, clean and reliable source of energy" such as small nuclear reactors that will produce energy without emissions and be a driving force for the economy. for decades to come.
SMR is not the only nuclear project linking the US and Poland. Westinghouse will participate in the construction of the first truly conventional nuclear plant built in Poland. So both for SMRs and for traditional nuclear technologies Poland is hand in glove with Washington, as it has already done in the military sector, where the Eastern European state is replacing Germany as the seat of the NATO vanguard against Russia. The US funding move is clever because, in the end, it finances a faithful ally who buys products from its older brother. A bit like China does with the Belt and Road initiative..
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The article The US finances Poland to buy American nuclear reactors comes from Scenarios Economics .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/gli-usa-finanziano-la-polonia-per-comprare-reattori-nucleari-americani/ on Tue, 18 Apr 2023 16:56:30 +0000.