US Government issues $6.5 Billion for nuclear reactors
February 21, 2014 (Source: Energy Live News) — The US Government is providing loans worth $6.5 billion for the construction of the nation’s first new nuclear reactors in more than 30 years.
The two 1,100MW nuclear reactors, which will be built at the Alvin W.Vogtle Electric Generating Plant, is a “first mover for a new generation of advanced nuclear reactors”, the US Department of Energy said.
The project is expected to create 3,500 construction jobs and around 800 permanent jobs and once operational, the new reactors are expected to provide enough electricity to power nearly 1.5 million homes.
Energy Secretary Ernest Moniz said: “The construction of new nuclear power facilities like this one – which will provide carbon-free electricity to well over a million American energy consumers – is not only a major milestone in the Administration’s commitment to jump-start the US nuclear power industry, it is also an important part of our all-of-the-above approach to American energy as we move toward a low-carbon energy future.”
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