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Washington (AFP) Feb 15, 2010 President Barack Obama will announce on Tuesday plans for the government to help finance the construction of two nuclear reactors -- the first in nearly 30 years, a top US official said. Obama, who has advocated reducing foreign energy dependency and cutting back on greenhouse gases, will use a 2005 law that authorizes the Energy Department to guarantee loans to projects that help reduce greenhouse gas emissions. Obama "has long believed that nuclear power should be part of our energy mix," a senior administration told AFP, speaking on condition of anonymity. The 18.5 billion dollars in existing loan guarantee authority will be used to help finance the construction and operation of two new nuclear reactors at a Southern Company plant in Burke, Georgia. There have been no new nuclear power plants built in the United States since the 1979 Three Mile Island nuclear accident in the eastern state of Pennsylvania. Currently only 20 percent of the country's energy needs are met by nuclear power. The operation will result in some 3,000 construction jobs, and eventually some 850 permanent jobs, the official said, citing company figures. According to the official, Obama's 2011 budget "triples loan guarantees for nuclear-power plants to more than 54 billion dollars."
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Related Links Nuclear Power News - Nuclear Science, Nuclear Technology Powering The World in the 21st Century at Energy-Daily.com
German CDU minister wants nuclear outBerlin (UPI) Feb 15, 2009 Germany's environment minister is defying his fellow conservatives by calling to get rid of nuclear power. Norbert Roettgen is an ambitious politician. A few months ago, when German Chancellor Angela Merkel handed him the environment brief, few knew about his convictions. Today, his bold stance on nuclear power dominates headlines in Germany. Roettgen, 45, earlier this month brok ... read more |
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