US Plans To Give Nuclear Industry USD 36 Billion Loan Guarantee Boost
Written by NucNet
Friday, 05 February 2010
The US Department of Energy (DOE) this week released a fiscal year 2011 budget request that increases by 36 billion US dollars (USD) (25.7 billion euro) the amount of federal loan guarantees to be accessed by companies planning to build new nuclear power plants.
The DOE plans to increase the amount of loan guarantees available for nuclear power projects from the USD 18.5 billion currently allotted to USD 54.5 billion.
The budget news came just days after president Barack Obama said in his State of the Union address that the US needs to build “a new generation of safe, clean nuclear power plants”.
