USNIC in the News: Nuclear Industry Renews Pressure on OPIC to Allow Financing for Foreign Projects

U.S. Nuclear Industry Council’s letter asks agency to remove restriction as it transforms into new entity BY JACQUELINE TOTH (Morning Consult) March 1, 2019 Nuclear industry educates are pushing the U.S. Overseas Private Investment Corporation to reconsider the development agency’s restriction against funding nuclear generation projects as OPIC consolidates with a U.S. Agency for International Development entity to form a new agency with a bigger budget. In a letter sent Friday, the U.S. Nuclear Industry Council asked for the prohibition to be removed as OPIC transforms into the new U.S. International Development Finance Corporation, a federal entity that will have a maximum contingent liability of $60 billion. The new corporation could be operational as early as Oct. 1, according to OPIC…

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