French group purchases 100 percent of privileges to construct third Oswego County nuclear yard

A French government-controlled group is purchasing 100 percent of the progression privileges for a latent third nuclear plant at Nine Mile Point base in Oswego County.

EDF or Electricite de France SA which is a efficacy, 85 percent controlled by the French government, this week declared that it might purchase Constellation Energy Group's 50 percent gain in nuclear expansion group, Unistar. Previous to the $140 million takeover, EDF had controlled half of Unistar, a group formed in 2005 to construct latest nuclear plants.

Unistar's initial innovative reactor is designed at Calvert Cliffs nuclear station in Maryland however Constellation during this month reversed back of the project subsequent to the worsening to attain an accord with the Obama direction above the conditions of a central loan assurance.

EDF wishes to move ahead, so it will purchase out Constellation's attention.

As well to the Calvert Cliffs project, Unistar had experienced opening steps to look for authorization through the U. S. Nuclear Regulatory Commission for a third reactor at the base called Nine Mile Point nuclear location in Scriba.