Sunday, 24 February 2013

Poland: Nuclear Power Plant Project Wobbles

Poland´s Treasury Minister Mikolaj Budzanowski explained that Poland cannot afford the nuclear power plant.

In order to reduce its dependence on Russia, Poland wants to build a nuclear power plant. The project has been discussed for years. However, due to the economic slowdown, Poland does not have sufficient resources to finance the project, Budzanowski said in an interview with “Parkiet”. As a result, the Polish government cannot support the nuclear power plant, he said. However, Poland will put more effort in the shale gas production, he said.
For Poland´s energy industry, Budzanowski´s announcement is rather surprising. Without public support, nuclear power plants will not be built, analysts say. According to observers, Poland does not want to overburden the state budget. Otherwise the euro adoption would be endangered.

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