Westinghouse hails EXIM financing for Poland's first AP1000 nuclear plant

Westinghouse Electric Company issued a statement from Cranberry Township, PA, on February 17, 2026, welcoming a credit agreement between the Export-Import Bank of the United States (EXIM) and Polskie Elektrownie Jądrowe (PEJ) that supports an AP1000® project intended to build Poland’s first nuclear power plant. BusinessWire distributed the Westinghouse release under the headline “Funding from the Export-Import Bank of the United States is Key First Step in Securing Financing for Historic Project.”

Westinghouse said the financing is secured through EXIM’s Engineering Multiplier Program. “Secured through EXIM’s Engineering Multiplier Program, this first phase of financing will support critical engineering and environmental site work needed prior to the construction phase of the plant,” the company said in the Feb. 17 press release.

Dan Lipman, President, Global Business Initiatives at Westinghouse, framed the agreement as a milestone for PEJ and EXIM. “This agreement marks an important first milestone in helping PEJ secure financing for one of Poland’s largest energy investments, setting the stage for additional financing through EXIM,” Lipman said. He added that “Westinghouse appreciates the close cooperation we have with EXIM and look forward to further collaboration in helping make the Polish AP1000 project a reality.”

Westinghouse’s release identifies the Lubiatowo-Kopalino site in the Choczewo municipality of Pomerania as the planned location for the AP1000 units. Coverage in Ans/ANS adds that the Westinghouse-Bechtel Consortium is gearing up to perform engineering work for a three-unit power plant and reports a target date for commercial operation of the first reactor in 2033; that 2033 target appears only in the Ans/ANS item among the distributed materials.

The company also tied the EXIM financing to jobs and consortium work. “This agreement will allow the Westinghouse-Bechtel Consortium to provide engineering expertise to the project, which will support both American and Polish jobs for the construction and operation of the AP1000 plant at the Lubiatowo-Kopalino site in Pomerania,” Westinghouse said in its statement.

Technical context for the AP1000 came from Pennbizreport, which summarized the design as follows: “The advanced AP1000 reactor has fully passive safety systems combined with a modular construction design. When compared to other reactors, it has the smallest footprint per megawatts electrical on the market.” Pennbizreport also supplied fleet figures, noting Westinghouse currently has six AP1000 reactors worldwide in operation, an additional 14 under construction, and five under contract.

What the distributed material did not provide were financing amounts, terms, or signed construction contracts. Press materials describe this action as a first phase and say it “sets the stage for additional financing through EXIM,” but none of the pieces released Feb. 17 specifies loan size, schedule for subsequent tranches, or a formal EPC contract for construction. With engineering and environmental site work funded as the immediate objective, the next concrete milestones will be further EXIM financing, formal contracting for construction, and confirmation of the unit count and the 2033 commercial operation target.