Holtec to get $1.5 bln to restart shuttered nuclear power plant - Bloomberg News

Hayasa Metals

30/01/2024 22:52

Jan 30 (Reuters) - The Biden administration could loan
$1.5 billion to Holtec International as soon as next month to
restart the closed Palisades nuclear power plant in Michigan,
Bloomberg reported on Tuesday, citing people familiar with the
matter.
    In October, Holtec filed with the U.S. Nuclear Regulatory
Commission to reopen the 800-megawatt Palisades plant, saying it
had also applied for a loan to help restart the plant.
    Originally, Florida-based Holtec bought Palisades in 2022
from Entergy  ETR.N  to decommission it. 
    Yet renewed interest in carbon-free power generation has
given a new lease of life to nuclear power, as governments seek
sources of lower-emissions electricity in the fight against
climate change.
    Bloomberg cited Nick Culp, a Holtec spokesman, who said that
the company was "very optimistic" about the Energy Department
loan process, which was a "historic opportunity for the country
and Michigan". 

 (Reporting by Seher Dareen in Bengaluru; Editing by Arun
Koyyur)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
70128, if within U.S. call +1 646 223 8780;))