US utility Georgia Power has taken a step closer to securing the expansion of its Vogtle site in Waynesboro, after being granted a conditional loan agreement for $more than $5 billion by the Department of Energy. The funds will be used to develop Vogtle's nuclear units 3 and 4, the first to be built in the US for over 30 years. The state's public services commission is set to make a final decision regarding the facility's expansion as part of the 17th Vogtle Construction Monitoring proceeding, while the loan is subject to regulatory approval and completion of due diligence.
US utility Georgia Power has taken a step closer to securing the expansion of its Vogtle site in Waynesboro, after being granted a conditional loan agreement for $1.67bn by the Department of Energy. The funds will be used to develop Vogtle's nuclear units 3 and 4, the first to be built in the US for over 30 years. The state's public services commission is set to make a final decision regarding the facility's expansion as part of the 17th Vogtle Construction Monitoring proceeding, while the loan is subject to regulatory approval and completion of due diligence.