Areva submits Part II of loan guarantee application
03 December 2008
Areva announced that it had submitted Part II of its loan guarantee application to the US Department of Energy (DoE) for its planned Eagle Rock uranium enrichment plant in Idaho. The company submitted Part I of the application in late September. Part II of the application provides additional information about facility engineering, construction, operating and business plans. Areva said that it plans to submit a licence application to the US Nuclear Regulatory Commission (NRC) for the centrifuge enrichment plant by the end of 2008. Earlier this year, the DoE invited applications for a share in up to $18.5 billion of loan guarantees for new nuclear power plants, and up to $2 billion for advanced front-end nuclear fuel cycle facilities. USEC submitted Part II of its application for a loan guarantee to fund construction of the American Centrifuge Plant (ACP) in Piketon, Ohio, on 29 August, having submitted Part I on 24 July. The DoE said that, by the 29 September deadline, it received 19 Part I applications to support the construction of new nuclear power plants and two to support front-end projects. The deadline for Part II applications for front-end projects was 2 December, while those for new power plants are due by 19 December.