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Tennessee Valley Authority decision to build Bellefonte 1
22 August 2011: Tennessee Valley Authority has decided to complete a nuclear reactor at Bellefonte - selling and leasing back another new reactor to pay for it.
The decision by TVA's board brings to an end some five years of deliberation by the non-profit firm that manages power, water and other resources in the US state. Bellefonte 1 is a Babcock & Wilcox pressurized water reactor currently considered 55 per cent complete. A $4.9 billion (approx Rs 21,805 crore) project should see it begin operation by 2020 to generate 1260 MWe. Meanwhile, TVA will purchase a 900 MWe combined-cycle gas power plant from a subsidiary of Kelson Energy. It is also going to fit sulphur dioxide and particulate control systems to its older Gallatin and Allen coal power plants to bring them up to clean standards.
Source: Yourindustrynews