Energy Department OKs $2B loan for nuclear power developer

05/21/2010 | Wall Street Journal, The

The Energy Department has approved a $2 billion loan guarantee for Areva S.A., the French developer behind a uranium enrichment project in Idaho. The nuclear power developer will build the $3.3 billion facility using an advanced centrifuge technology uncommon in this country. The plant is expected to create 1,000 jobs.

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Wall Street Journal, The

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