Poland seeks to fast-track small nuclear reactors with new potential partner

The Polish government is pushing to expedite its small modular reactor (SMR) program, with the Polish Development Fund (PFR) reportedly being considered as a potential new partner to speed up investments. This push comes as Orlen and Synthos continue to negotiate the specific roles and responsibilities within their SMR project planned for Włocławek.

The core of the ongoing discussions between Orlen and Synthos centers on defining who will act as the investor, future licensee, and who will be responsible for nuclear safety, technical decisions, and budget control. Orlen has stated it cannot be a passive shareholder in a project requiring long-term financing and regulatory oversight, emphasizing its need for adequate influence as an investor and potential licensee. Synthos, however, suggests that Orlen already has such influence and that discussions are progressing positively, aiming to finalize agreements soon.

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Orlen cannot play the role of a passive shareholder in a project that requires multi-year financing, administrative procedures, and regulatory responsibility.

Despite these ongoing talks, the government is eager for rapid progress, particularly before next year's elections. Officials want to present tangible achievements not only for the large nuclear power plant project in Choczewo but also for the smaller SMRs slated for Włocławek and Stawy Monowskie. The involvement of PFR could be a key factor in achieving these accelerated timelines, potentially streamlining the complex administrative and financial processes required for nuclear projects.

Key aspects still under discussion include the financing model, management and oversight principles, investor responsibilities, and access to crucial technological assets. Nuclear projects, unlike standard investments, demand multi-year licensing, regulatory accountability, and the highest safety standards. While Orlen and Synthos Green Energy (a joint venture) agreed on a 50-50 ownership structure in late August 2025, formalizing the precise operational and financial frameworks remains a priority.

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Nuclear projects differ from ordinary investments – they require multi-year licensing, regulatory responsibility, and the highest safety standards.