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When the conditional loan for Vogtle was first announced four years ago, then-White House climate adviser Carol Browner said it was, "just the first of what we hope will be many new nuclear projects". Since then, the DOE has issued just one other conditional loan guarantee for a nuclear project: Areva Enrichment Services for the Eagle Rock Enrichment Facility in Idaho in May 2010.
In February, President Obama approved more than eight billion dollars in conditional loan guarantees for the construction of new reactors.
This will require you to supply certain financial information to the lender who will then assess your application and issue you a 'Conditional Loan Approval' for a certain amount of funds, based on your financial circumstances.
Those who made a temporary or conditional loan can ask for the work back.
The new audit examined 18 loans or conditional loan commitments and found that for three, no information had been placed in the department's central archives.
The conditional loan guarantee from the Department of Energy is for $8.3bn.
For California, the federal agency has issued a conditional loan guarantee to only one of eight pending solar-thermal applicants, the three-plant Ivanpah Solar Complex being developed by BrightSource Energy Inc. in the Mojave Desert near the Nevada border.
In March 2009, Energy Secretary Steven Chu announced a $535 million conditional loan guarantee to Solyndra — making it the first to receive a loan since the 2005 program began.
After all the I.M.F.'s first loan was made to France, in 1947; its first conditional loan arrangement with a developing country was with Peru, in 1954.
The Energy Department is supporting this project with more than $8 billion in conditional loan guarantees.
The loan in question (reported by the Wall Street Journal) is the fourth conditional loan commitment the Department of Energy has entered into under the Advanced Technology Vehicles Manufacturing Loan program.
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