U.S. Department of Energy Announces First Awards under Advanced Reactor Demonstration Program

LCG, October 16, 2020--The U.S. Department of Energy (DOE) this week announced it has selected two U.S.-based teams to receive $160 million in initial funding under the new Advanced Reactor Demonstration Program (ARDP).

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PSEG Files Application to Extend Zero Emission Certificates (ZECs) for New Jersey's Carbon-Free Nuclear Power Facilities

LCG, October 2, 2020--PSEG yesterday filed applications to extend Zero Emission Certificates (ZECs) for the Salem and Hope Creek nuclear power plants in Salem County in order to preserve New Jersey's largest carbon-free source of electricity and to help New Jersey achieve its clean energy goal of 100 percent carbon-free energy supply by 2050.

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Industry News

Enron to Buy Out India State's Stake in Dabhol II

LCG, Nov. 14,2000--Enron Corp. was said to be searching for a new investor in the second phase of its Dabhol Power Co. project in India's Maharashtra state after the State Electricity Board expressed its "inability to invest for the time being," The Economic Times reported this morning.

The Maharashtra State Electricity Board will keep a 15 percent stake in the power project, but will be unable to pay for an additional 15 percent as planned, the financial daily published in New Delhi said.

The 1,444 megawatt phase II at Dabhol has four investors: Enron owns 50 percent, the Maharashtra State Electricity Board 15 percent, General Electric Co. 10 percent and Bechtel Enterprises 10 percent. That leaves 15 percent for a new investor.

In the meantime, Enron owns 65 percent of the project, paying for the State Electricity Board's 15 percent with debt, which The Economic Times said is already arranged.

A new investor would be expected to pay about $128 million for the vagrant 15 percent, the paper said.

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