Obama Goes Nuclear; Proposes $8 Billion Loan for Georgia Power Plant
Obama Goes Nuclear; Proposes $8 Billion Loan for Georgia Power Plant


February 18, 2010 /24-7PressRelease/ -- For the first time in 30 years, the US is looking to build a nuclear power plant as President Barack Obama proposed an $8 billion loan to build a power station in Georgia.

The loan guarantees would go toward constructing two reactors in Burke, Georgia, where there is an existing nuclear facility.

"It's a plant that will create thousands of construction jobs in the next few years and some 800 permanent jobs, well-paying permanent jobs, in the years to come. And this is only the beginning," Obama said.

Obama noted that the US was falling behind in nuclear energy production. He said of the 56 nuclear reactors being built around the world, 21 are in China, six in South Korea, and five in India. South Korea has also signed contracts recently to build plants in the UAE and Turkey.

Read more at Power Plants News Today:

Latest Nuclear Power Plants news - http://powerplants.einnews.com/news/nuclear-power-plants-power-plants
Latest US Power Plants news - http://powerplants.einnews.com/unitedstates/
Latest South Korea Power Plants news - http://powerplants.einnews.com/southkorea/

Located at http://powerplants.einnews.com, Power Plants News Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest power plants news from around the world, saving them valuable time they'd spend searching for information. New users to Power Plants News Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.



Further Related Resources:


Press Release Contact Information:

EIN News