Obama pledges billions for nuclear power plant in US

Obama announced some $8 billion in loan guarantees to build the first U.S. nuclear power plant in nearly three decades.

Obama pledges billions for nuclear power plant in US

U.S. President Barack Obama announced some $8 billion in loan guarantees on Tuesday to build the first U.S. nuclear power plant in nearly three decades and said he saw some common ground with Republicans on climate legislation.

Obama, a Democrat, claimed the United States needed to increase its supply of nuclear power to meet the country's energy needs and to fight climate change.

Obama did not mention the recipient of the investment by name, but administration officials said the $8.3 billion loan guarantee would go to help Southern Co build two reactors at a plant in the state of Georgia.

Reuters

Last Mod: 17 Şubat 2010, 11:08
Add Comment