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This blog is aimed at tracing the world news related to nuclear power development internationally and in particular countries. Being an independent resource, we accept all kinds of opinions, positions and comments, and welcome you to discuss the posts and tell us what you think.

Thursday, February 12, 2009

$50 billion increase in US DOE Loan Guarantee funds cut from final US Stimulus package

The US House-Senate conference committee axed a proposal to include $50 billion in federal loan guarantees that could have been utilized by the nuclear and coal industries as well as for renewable energy projects.

This increase would have expanded the current DE loan guarantee program funding of $18.5 billion and allowed more new nuclear power plants to obtain critical US government loan guarantees.

Called Title 17, the Innovative Technology Loan Guarantee Program, the provision would have put aside $50 billion to guarantee loans under the Energy Policy Act of 2005 for eligible projects, to remain available until committed.

See complete article at: 'Nuclear Pork' Cut Out of Final Recovery and Reinvestment Package

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