The good news is AREVA’s Eagle Rock Enrichment Facility to be built in Idaho is three months ahead of schedule, and we aren’t slowing down. AREVA is gearing up to launch detailed design, procurement, and construction planning of the facility. Even better, it will create some 5,000 direct and indirect jobs in Idaho through the life of the project.
In addition, we should expect an impact of as much as $5 billion on the local economy, including the capital invested by AREVA during the construction and operation of this state-of-the-art gas centrifuge enrichment plant and the associated economic impacts, according to recent study by the Regional Development Alliance. While AREVA waits for the NRC to complete the review of our application, we will keep moving; opening an office in Idaho Falls and appointing three new executives to the team.
AREVA is trying very hard to bring vital operations for nuclear energy industry to the heart of the U.S., but we cannot do it alone. We hope that the Department of Energy recognizes how necessary the loan guarantee is for this project’s finance needs in the frozen credit market.