U.S. Deal No Quick Fix for Poland’s Fledgling Nuclear Drive
- Poland to spend $18 billion on U.S. nuclear-energy technology
- Coal-dependent nation faces financing and logistical hurdles
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Poland faces an uphill struggle to build its first nuclear-power reactor even after inking an $18 billion technology transfer deal with the U.S. this week.
The agreement gives the two countries 1-1/2 years to agree on investments -- potentially with companies such as Westinghouse Electric Co., Southern Co. and Bechtel Group Inc. -- to kick-start Poland’s plan to build six nuclear reactors by 2044 and transform its energy mix away from coal.