Georgia Power has secured an additional $1.67bn funding for the Plant Vogtle nuclear expansion project near Waynesboro, US. An agreement between the US Department of Energy (DOE) and the company has been reached to this effect. The additional loan guarantees come after the company previously received $3.46bn in loan guarantees to build three and four units of Vogtle. Georgia Power expects to offer around $500m in present-value benefits to its customers, as more than $5bn is anticipated in DOE loan guarantees.
Energy Business Review 3rd Oct 2017 read more »
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