Nuclear Street.

← News archive

Areva Congratulates UniStar On Preliminary Loan Guarantee Selection

Source:

Archived news summary. This item reflects its original publication date. Follow the source link below for the publisher’s full article.

Areva congratulates UniStar Nuclear Energy, and its parent companies EDF and Constellation, for its selection as one of four companies notified by the U.S. Department of Energy (DOE) to enter the final phase of negotiations for a loan guarantee.

– By Stephen Heiser –

UniStar has applied for a federal loan guarantee in support of its development of Calvert Cliffs 3 using AREVA's EPR™ technology.

"We are delighted that the DOE selected UniStar's application based on EPR technology because it provides a level of certainty for the project and American taxpayers. DOE's progress with the loan guarantee program reflects another important step toward building new nuclear plants in the United States," said Mike Rencheck, CEO AREVA NP Inc. "We are delighted to help UniStar meet its goal of producing clean and secure energy, while creating jobs and long term regional economic development," he added. With the US EPR reactor, AREVA offers clean, safe and sustainable energy generation solutions, made in USA.

 


Questions about this archived item? Contact Nuclear Street.