Poland Backs $14.7 Billion in Funding for Nation’s First Nuclear Power Plant as EU Probes Project

Poland took another step in building its first nuclear power plant after the government greenlit as much as 60.2 billion zloty ($14.7 billion) in funding for the project which still awaits the European Union approval to go ahead.

On Tuesday, Donald Tusk’s cabinet adopted a draft bill that allows it to increase the capital of PEJ Sp. z o.o., the state company in charge of building the 3.75 gigawatt reactors at the Baltic seaside. The government will be able to transfer bonds or cash to PEJ, depending on the investment’s schedule.