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Finance

Poland’s future nuclear sector to produce more than 118.3 billion of GDP, PwC report says

US nuclear energy company Westinghouse Electric Company released on Tuesday (9 April) an independent report from PricewaterhouseCoopers (PwC) outlining the economic footprint of deploying six AP1000® units in Poland.

The study projects the manufacturing, engineering and construction phase of six AP1000 units would produce more than 118.3 billion of Gross Domestic Product (GDP) impact and over 120,000 person-years of direct employment in-country, according to the report. Once operational, these units would create a minimum of 38 billion Polish złotys (8.9 billion euros) in GDP and support 16,300 jobs annually.

“Deploying our AP1000 technology in Poland represents a 100-year partnership between the United States and Poland on energy security,” said David Durham, President of Westinghouse Energy Systems. “This study further underlines the significant and long-term economic, human capital and climate benefits that this technology can provide for the country, its people and its deeply experienced supply chain. The involvement of leading suppliers like those we announced today will be critical as Westinghouse advances this visionary nuclear power plant project.”

Separately, Westinghouse recently announced the selection of seven Polish suppliers to support Poland’s planned first nuclear power plant construction.

Further findings detailed in the PwC study include:

  • AP1000 technology supports the EU target of achieving net-zero greenhouse gas emissions by 2050. The project will generate a 39 per cent reduction in CO2 emissions compared to existing power generation while providing over 13 million homes with carbon-free energy;
  • it will establish a highly skilled nuclear workforce through leadership training and partnerships with local, higher education institutes. Once operational, the AP1000 project would also aid in the training of more than 2,400 local employees;
  • the country’s supply chain can support new global AP1000 deployments, generating an additional 1.9 billion Polish zlotys (446 million euros) in GDP per unit. Additional opportunities will also be available with eVinci™ microreactor and AP300™ Small Modular Reactor deployments in Europe.

Read the full article here

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