Page 5 - bneMag Dec22

bne December 2022 Companies & Markets I 5
Polish and other EU energy sectors and how that role same to be seen as a major security risk after the Kremlin decided to attack Ukraine in February.
Warsaw’s decision coincided on November 14 with the German government announcing it will nationalise gas importer Sefe, formerly Gazprom Germania.
“In order to secure the gas supply in Germany, the federal government is transferring the ailing gas company Securing Energy for Europe GmbH (SEFE) into federal ownership,” Germany’s economy and climate ministry said in a statement.
The move follows putting Sefe under trusteeship of the Federal Network Agency (gas market regulator) in April after
Poland picks Westinghouse Electric to build first nuclear power plant
Wojciech Kosc in Warsaw
US company Westinghouse Electric will build Poland’s first nuclear power plant, Prime Minister Mateusz Morawiecki said on October 28.
The decision is a major step forward for Poland’s ambitious nuclear power programme, which assumes building four to six reactors between 2026 and the mid-2040s, according to the government’s strategy.
Westinghouse is expected to start construction of the first plant, on a location near the Baltic Sea coast 80 kilometres west of Gdansk, in 2026. The schedule is for the plant to start supplying electricity in 2033.
“A strong Polish-US alliance guarantees the success of our joint initiatives. After talks with [Vice President Kamala] Harris and [Energy Secretary] Jennifer Granholm, we confirm our nuclear energy project will use the reliable, safe technol- ogy of Westinghouse Electrict,” Morawiecki said in a tweet.
The PM added that the official decision would come on November 2.
“US partnership on this project is advantageous for us all: we can address the climate crisis, strengthen European energy
Gazprom attempted a “non-transparent sale of Gazprom Germania to another Russian company and their attempt to liquidate it", the ministry also said.
In September, Germany also took over control of two Rosneft subsidiaries – Rosneft Deutschland and RN Refining and Marketing – saying that the step was necessary to shore up the country’s energy security.
Poland says it will have enough gas during the winter despite Russia cutting supplies altogether after Warsaw refused to pay for them in rubles in April.
Poland also offered Germany crude oil supplies to the Schwedt refinery as soon as Berlin muscled out Russians from the installation.
Westinghouse modernised the Soviet-designed Temelin nuclear power station in neighbouring Czechia. / bne IntelliNews
security, and deepen the US-Poland strategic relationship,” Harris tweeted.
Without a formal tender process, Westinghouse apparently beat France’s EDF and the Korean company KHNP to the proj- ect, although Poland says that the Koreans may still lead the effort to build a second plant, a business-led addition to the Polish state's nuclear power programme.
The Americans had earlier offered Poland to build six reac- tors – so covering the entire Polish nuclear power programme – for $31bn-$40bn.
“US partnership on this project
is advantageous for us all:
we can address the climate crisis, strengthen European energy security, and deepen the US-Poland strategic relationship”
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