Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Monday, July 6, 2015

Ex-Im Bank closure undercuts nuclear industry, manufacturer says

Ex-Im Bank closure undercuts nuclear industry, manufacturer says
The participation of domestic nuclear energy technology firms in a worldwide nuclear power boom is threatened by the closure of the Export-Import Bank, according to James Stouch, vice president of business development and sales at Precision Custom Components. With 165 nuclear plants worldwide in the late planning stages, U.S. companies are losing an important method of proving financing is available for international contracts with the bank's closure, Stouch said. "The market for new nuclear generation is going to be international for about the next five to 10 years," Stouch said. The Christian Science Monitor (7/2)http://www.csmonitor.com/Environment/Energy/2015/0702/Why-the-US-nuclear-industry-is-eager-to-save-this-obscure-government-run-bank

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