The KGHM Board of Directors has approved the conclusion of a tripartite agreement between the company, the US company NuScale Power LLC and PBE Molecule in connection with the preparation for the implementation of an investment in the construction of nuclear energy sources, the plant said.

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“The Board of Directors of KGHM Polska Miedź announced that it has today approved the conclusion of a tripartite agreement between KGHM Polska Miedź and NuScale Power LLC – the manufacturer developing reactors in SMR technology (small reactors) and PBE Molecule – a consulting firm in connection with preparation for the implementation of the investment Consists of building nuclear energy sources – announced in the company announcement.

She added that the agreement will be signed on Thursday, September 23 and will remain in effect until September 23, 2024.

The company announced that it is assuming that the first nuclear reactor will start operating in 2029.

As indicated, the agreement to be signed relates to the development of nuclear technology in the form of restarting existing coal turbines or developing new sources of nuclear energy in the form of SMR – From 1 to 12 units with a capacity of 77 megawatts.

The project implementation schedule was announced at the end of 2030, with the KGHM assuming that the first nuclear reactors would be commissioned in 2029.

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As for the SMR reactor development project in June this year. Synthos has entered into a framework agreement with PKN Orlen. Both companies to create a field of cooperation, including. in the field of SMR. In turn, at the end of August, Synthos and ZE PAK announced the start of a joint venture aimed at building 4-6 BWRX-300 reactors in the region after lignite mining.

The concept of small reactors (SMR) emerged about 10 years ago in the United States as a recipe for the rising costs of building large nuclear power plants. Despite the passage of time, SMRs are still on paper. According to the announcements, the first such reactors will not appear before the second half of this decade.


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