[Gwypaas]

Is there any public information about the financing?

The recent nuclear plants constructed in the west requires something like $5-15B above the market price in subsidies, of course depending on size. Would be interesting to know how they intend to solve that.

[aredox]

A lot of things are weird about Poland finances. They buy very expensive military hardware in huge quantities, and now a nuclear plant? Were does the money come from? And were will the money for all the necessary maintenance come from in the future?

[klausa]

EU.

https://www.statista.com/chart/18794/net-contributors-to-eu-...

[victorbjorklund]

No, EU doesnt pay for their military purchases.

[rasz]

EU paid for some/most of old gear we send to Ukraine. Poland was the first to send tanks while Scholz was busy scaremongering about WW3 on TV and deleting armor from list delivered to UKR, over three hundred PT-91 modernized ex soviet ones + Leopard 2A4s instead of promises of some in 2024. We send jets before public declarations, we send ~100 modern AHS Krab artillery pieces, >50 Rak 120mm arty, 200 modern Rosomak APCs, 30 Oncilla APCs, 12 Mi-24 helicopters, some S-60 old soviet towed AA and 50 deathtrap BMP-1s (still better than civilian trucks). We didnt dig old decommissioned stuff out of museums or deep storage, it all came straight from active use in military units. Purchases you see announced are backfill for that equipment, we are out of stuff to send.

[FirmwareBurner]

>while Scholz was busy scaremongering

Scholz is a meme.

[lo_zamoyski]

You might be surprised by the net inflow vs. outflow of funds, or where these EU funds go, not just a narrow EU statistic.

[klausa]

I am quite confident that by any measures Poland is a net beneficiary of EU; and as a citizen I am quite happy about that situation.

[ilyt]

> Were does the money come from?

Inflation...

[Mvandenbergh]

PGE will finance it on-balance sheet, the way they would a coal plant. Most likely there will be US export finance for the elements coming from the US but most spend on big nuclear plants is local.

>The recent nuclear plants constructed in the west requires something like $5-15B above the market price in subsidies, of course depending on size, EPR at 1600 MWe or AP1000 at 1000 MWe. Would be interesting to know how they intend to solve that.

I'm not really clear what this means? All power plants require financing for their construction cost which is pretty definitionally the market cost of construction. If you mean how this will will interface with the Polish electricity wholesale market, well that market is already pretty dominated by a few large vertically integrated players settling trades with themselves. Presumably PGE will buy the electricity and treat it the same as their other electricity, they may receive a subsidy per MWh as well or maybe just avoiding the ETS costs of their current coal emissions will be enough to make the economics stack-up.

[Gwypaas]

> I'm not really clear what this means? All power plants require financing for their construction cost which is pretty definitionally the market cost of construction.

It is hard to finance a plant when you will on average sell the power at a loss. The money has to come from somewhere.

[Mvandenbergh]

The Polish wholesale power price is above even what nuclear power costs to deliver in higher-cost UK and US markets on an LCOE basis (not that LCOE is a great way of comparing power costs but there it is).

[Gwypaas]

You have to differentiate between paid off nuclear plants nearing end of life and new built ones.

Take for example Hinkley Point C, that costs €0.15 per kWh for the consumers. How does that compare?

https://en.m.wikipedia.org/wiki/Hinkley_Point_C_nuclear_powe...