nuclear-news

U.S Nuclear Loan Guarantee to go to France’s AREVA?

The first $2 billion will be allocated to Areva for “front-end nuclear fuel facilities.”

Areva and USEC could get loan guarantees , The Energy Collective, by Dan Yuman, 29 March 2010, DOE runs concept up flagpole with House Appropriations Committee he Chillicothe Gazette, a southern Ohio newspaper, reports March 27 that Department of Energy Secretary Steven Chu told the House Appropriations Committee this week he wants to give $2 billion loan guarantees to both USEC and Areva for new uranium enrichment plants.

At the same time Steve Isakowitz, DOE’s Chief Financial Officer, also reportedly sent a letter to Sen. Jeff Bingaman, (D-NM), Chairman of the Senate Energy & Natural Resources Committee.

In it he said the agency will use $4 billion in loan guarantee authority split two ways. The first $2 billion will be allocated to Areva for “front-end nuclear fuel facilities.” The other $2 billion will be used for “innovative technologies.”

Areva and USEC could get loan guarantees

March 29, 2010 - Posted by Christina Macpherson | business and costs, USA | antinuclear, AREVA, France, nuclear costs