Power Markets
Poland and US firms sign contract for design of nuclear power plant
After an initial contract expired at the end March, the U.S. companies Westinghouse Electric (now Bechtel) and Polskie Elektrownie Jadrowe(PEJ) signed a new agreement on Monday to continue the design of the first nuclear power station in Poland. Poland wants to reduce its coal reliance and has chosen Westinghouse to build a plant along the Baltic Sea Coast in 2022. Warsaw estimates that the project will cost 192 billion Zloty (about $51 billion). "I think it's the beginning of a long-term cooperation between the United States, Poland and other nations in Europe that will include building future reactors here in...