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.
via Obama to announce financing for two nuclear reactors.