The Management Board of KGHM Polska Miedź S.A. (“the Company”) announces that today it consented to sign a tripartite agreement between KGHM Polska Miedź S.A., NuScale Power LLC, a producer involved in the development of reactors using small modular reactor (SMR) technology, and PBE Molecule Sp. z o.o. Sp. k., an advisory company, with respect to preparations to advance an investment involving the construction of nuclear energy sources (“the Agreement”). The Agreement will be signed on 23 September 2021 and will be in force to 23 September 2024.
The Agreement involves the development of nuclear technology in the form of repowering current coal-fired turbines or the development of new nuclear energy sources in the form of SMRs – from 1 to 12 modules, each generating 77 MW.
Completion of the nuclear energy development project is expected by the end of 2030, however the Company assumes that the first nuclear reactor will begin operations in 2029.
Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union dated 12 June 2014, no. L 173/1).