Polskie Elektrownie Jądrowe (PEJ) have signed a new bridging agreement (Engineering Development Agreement – EDA) with the American Westinghouse-Bechtel consortium. This document ensures continuity of work on the first nuclear power plant in Poland, planned for the Choczewo location in Pomerania.
Key provisions of the agreement
The new agreement between PEJ and the Westinghouse-Bechtel consortium modifies the previous cooperation rules between the parties. It introduces a new remuneration model, a clear division of responsibilities, and improves investor supervision. Specifically:
- PEJ and the consortium are moving to a more advanced engineering phase of the project.
- Detailed geotechnical surveys and site-specific design work in Choczewo are commencing.
- The American side is taking greater responsibility for integrating technological solutions.
- A framework for further negotiations regarding the full EPC (Engineering, Procurement, Construction) contract has been established.
The agreement has been concluded for nine months and covers the implementation of key preparatory works necessary before signing the main construction contract.
Importance of signing the agreement
The signing of the new agreement between Polskie Elektrownie Jądrowe and Westinghouse-Bechtel signals that the project has moved from the conceptual phase to the implementation phase. In practice:
- Poland is effectively organising the management structure of one of the largest infrastructure projects of recent decades.
- It opens the way to securing broad financing and supply chain support at national and international levels.
- It increases transparency and predictability of investment in the nuclear energy sector.
For investors, this means that Poland is strengthening its position as a safe, predictable market based on real, high value-added projects.
Impact on investment prospects
The construction of the first nuclear power plant in Poland is part of the country’s long-term energy transition goals and efforts to increase its energy sovereignty. From an investor’s perspective:
- The energy sector is becoming one of the most strategic and promising areas for growth.
- The development of nuclear infrastructure attracts new investments in the supply chain as well as technical, engineering and training services.
- Projects based on AP1000 technology, implemented in cooperation with renowned American partners, offer a high level of technological stability and financial security.
Thus, signing the agreement is not just an industry event, but also a market signal that Poland is successfully building the foundations for capital-intensive and long-term infrastructure investments.
Next steps
In the coming months, the following are planned:
- Continued geological drilling and site surveys.
- Preparation of a detailed budget and construction schedule for the power plant.
- Negotiation and conclusion of the main EPC contract.
PEJ plans to commission the first nuclear power plant “as soon as possible,” emphasising its determination to achieve Poland’s strategic energy goals.
Summary
The new agreement signed by Polskie Elektrownie Jądrowe and Westinghouse-Bechtel is not just a milestone in the construction of Poland’s first nuclear power plant. It is also a confirmation of the increasing stability of Poland’s energy market, offering investors real opportunities to participate in projects of high strategic value.
