Oct 27 (Reuters) - USEC Inc (USU.N: Quote) said the U.S. Department of Energy (DOE) is proceeding to the next stage of the $2 billion loan guarantee process for the company's American Centrifuge Plant, sending its shares up 8 percent.
USEC, a supplier of enriched uranium fuel for commercial nuclear power plants, is constructing the commercial American Centrifuge Plant in Piketon, Ohio and the U.S. government is considering issuing a loan to help the company.
This multi-year construction project would create nearly 8,000 jobs in ten states, with up to 4,000 in Ohio, the company said.
It said the DOE has provided it with a draft term-sheet, which will serve as a framework for discussions between the two sides.
In May, Japan's Toshiba Corp (6502.T: Quote) said it and U.S.-based Babcock & Wilcox will together invest $200 million in USEC in return for a supply of enriched uranium for use in nuhttp://af.reuters.com/article/energyOilNews/idAFSGE69Q0PM20101027
No comments:
Post a Comment