The European Fee will look into Poland’s resolution to help the state-owned firm Polskie Elektrownie Jądrowe sp. z o.o. (PEJ) within the building of a brand new nuclear energy plant in Lubiatowo-Kopalino.
The Fee mentioned in a media launch it has launched an in-depth investigation, after being knowledgeable concerning the resolution in September 2024.
PEJ plans to carry the power on-line in 2030 to ship as much as 3,750 megawatts of electrical energy to the ability grid. The full funding within the venture is estimated at EUR 45 billion ($46.6 billion), the Fee mentioned. The ability will improve the safety of electrical energy provide for Poland and its neighboring nations, aiding within the decarbonization of the power sector and diversifying Poland’s power combine, it mentioned.
- Advertisement -
Poland will help the funding with a EUR 14 billion ($14.5 billion) fairness injection for 30 % of prices; state ensures for 100% of PEJ’s debt; and a two-way contract for distinction (CfD) making certain income stability for 60 years, in keeping with the Fee.
“The general public help that Poland plans to grant for its first nuclear energy plant must be assessed by the Fee to be sure that it’s consistent with State help guidelines, which goal to protect competitors inside the inside market. Based on the Competitors guidelines, we may also consider the influence on the EU’s inside power market. As common, all events can submit their observations”, Teresa Ribera, Govt Vice President for Clear, Simply and Aggressive Transition, mentioned.
The preliminary evaluation finds the help bundle to be crucial; nonetheless, the Fee mentioned it doubts that the measure, at this stage, is consistent with EU state help guidelines. The investigation it launched will look into the appropriateness and proportionality of the help bundle.
“Given there are three totally different help measures (fairness, ensures, two-way CfD) that collectively restrict the chance for the beneficiary, you will need to be sure that general no extra help than what’s strictly crucial is finally granted. Specifically, the Fee will study additional (i) whether or not the 60-year length of the CfD is justified considering the opposite two measures, and (ii) whether or not there may have been different firms desirous about main the venture which could have resulted in a smaller help quantity”, the Fee mentioned.
The Fee added that it’s going to look into the influence of the help bundle on competitors within the electrical energy market and whether or not that is stored to the minimal.
To contact the writer, e-mail andreson.n.paul@gmail.com
Generated by readers, the feedback included herein don’t mirror the views and opinions of Rigzone. All feedback are topic to editorial overview. Off-topic, inappropriate or insulting feedback will probably be eliminated.
