Strickland welcomes $200 Million private investment in USEC to advance Piketon project
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Ohio Governor Ted Strickland today welcomed the announcement that Babcock & Wilcox and Toshiba will each invest $100 million into the USEC American Centrifuge facility in Piketon. This $200 million investment and partnership will strengthen USEC’s position in the growing nuclear power industry and assist the project’s plans to move forward.
USEC expects 8,000 jobs nationwide, 4,000 of which will be in Ohio, when the
project secures a federal Department of Energy loan guarantee.
“This major investment by two global, well-respected companies brings USEC one step closer to making this project a reality, and Ohio one step closer to thousands of new jobs,” Strickland said. “This partnership is a strong signal to the U.S. Department of Energy that USEC is ready to proceed with a next-generation uranium enrichment facility in Ohio and is deserving of a $2 billion loan guarantee.”
“I’ve had the opportunity to talk with the Obama administration, the leadership of Babcock & Wilcox, and other companies about the critical importance of this type of partnership and the importance of this project
for Ohio and the nation. The American Centrifuge project will play a major part in our nation’s advanced energy leadership and will create opportunities for Ohio in the growing nuclear power industry.”
The announcement will help USEC address the U.S. Department of Energy’s loan criteria and strengthen the project’s financial base as a condition for a $2 billion loan guarantee for the project. In addition to the financial investment, each company brings a wealth of technical nuclear understanding.
Additional information on the project and today’s announcement can be found
at: http://www.usec.com/strategicinvestment.htm[[In-content Ad]]
USEC expects 8,000 jobs nationwide, 4,000 of which will be in Ohio, when the
project secures a federal Department of Energy loan guarantee.
“This major investment by two global, well-respected companies brings USEC one step closer to making this project a reality, and Ohio one step closer to thousands of new jobs,” Strickland said. “This partnership is a strong signal to the U.S. Department of Energy that USEC is ready to proceed with a next-generation uranium enrichment facility in Ohio and is deserving of a $2 billion loan guarantee.”
“I’ve had the opportunity to talk with the Obama administration, the leadership of Babcock & Wilcox, and other companies about the critical importance of this type of partnership and the importance of this project
for Ohio and the nation. The American Centrifuge project will play a major part in our nation’s advanced energy leadership and will create opportunities for Ohio in the growing nuclear power industry.”
The announcement will help USEC address the U.S. Department of Energy’s loan criteria and strengthen the project’s financial base as a condition for a $2 billion loan guarantee for the project. In addition to the financial investment, each company brings a wealth of technical nuclear understanding.
Additional information on the project and today’s announcement can be found
at: http://www.usec.com/strategicinvestment.htm[[In-content Ad]]