KGHM’s Board of Management has agreed to conclude a tripartite agreement between NuScale Power LLC and PBE Molecule, a US-based company, on preparations to invest in the construction of nuclear resources.
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“The Board of Management of KGHM Polska Miedź today announced the conclusion of a tripartite agreement with KGHM Polska Miedź, NuScale Power LLC – SMR (Small Module Reactors) Technology and PBE Molecular – to build a nuclear reactor. Involves the construction of nuclear resources ”- announced in the announcement of the company.
It added that the agreement was signed on Thursday, September 23 and is valid until September 23, 2024.
The company announced that it expects the first nuclear reactor to become operational in 2029.
As explained, the agreement to be signed is about the development of nuclear technology, such as the refurbishment of existing coal turbines or the development of new nuclear power sources in the form of SMR. 1 to 12 blocks with a capacity of 77 MW each.
It has been announced that the project is scheduled for implementation by the end of 2030, and KGHM expects the first nuclear reactors to be operational by 2029.
With regard to the development of the SMR reactor project in June this year. Synthos PKN has concluded a structural contract with Arlon. Both companies are to establish a collaboration area. In the SMR field. In turn, in late August, Synthos and ZE PAK announced that they would launch a joint venture aimed at building 4-6 BWRX-300 nuclear reactors in the area after the lignite mine.
The concept of small modular nuclear reactors (SMRs) appeared about 10 years ago as a high-cost recipe for building large nuclear power plants in the United States. Despite the passage of time, SMRs are still on paper. According to announcements, the first such reactors will not appear earlier than the second half of this decade.
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