WARSAW, Sept 23 (Reuters) - Poland’s KGHM, one of the world’s biggest copper and silver producers, will sign an agreement with American NuScale Power and Polish company PBE Molecule on developing nuclear energy, KGHM said on Thursday.
Poland, which relies heavily on coal, was the only EU member not to commit to climate neutrality by 2050 when the bloc set the target in 2019. But the country plans to increase its share of emissions-free nuclear and renewable energy generation.
KGHM said in a statement it would develop nuclear technology by repowering existing coal turbines or developing new small modular reactors (SMR) - between one and 12 units of 77 megawatts each.
Earlier this year, the company said it would focus more on greener energy sources like small nuclear reactors, hydrogen or offshore projects.
In June, Poland’s biggest refiner PKN Orlen signed a cooperation agreement with chemicals company Synthos on small nuclear projects, while in August two other companies owned by Polish billionaires said they would create a joint venture to build and operate small nuclear reactors. (Reporting by Anna Koper Editing by Mark Potter)
Our Standards: The Thomson Reuters Trust Principles.