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Novogen Limited Message Board

moosefromoz 1 post  |  Last Activity: Oct 7, 2014 11:46 PM Member since: Jul 16, 2004
  • Reply to

    New DOE Loan Program

    by b1g_brothr Oct 5, 2014 6:56 AM
    moosefromoz moosefromoz Oct 7, 2014 11:46 PM Flag

    "Certainly looks targeted for the ACP!"

    I very much doubt it?
    Points 5,6 and 7 would more than likely stop LEU from applying.
    I believe GLE are the frontrunners.

    see here-:
    "Advanced nuclear facilities for the "front-end" of the nuclear fuel cycle include:
    a) Uranium Conversion. Projects that economically convert U3O8 powder into a gaseous form of uranium hexafluoride with reduced greenhouse gas emissions;
    b) Uranium Enrichment. Projects or facilities that transform natural uranium or uranium tails to a higher isotopic content of U235 including by (1) gas centrifuge or (2) laser isotope separation; and"

    "C. Summary of Application Evaluation Process
    DOE will review each Part I submission to determine whether or not such submission is responsive to the requirements of this Solicitation. DOE’s Part I evaluation will place particular importance on verifying that an Application meets the Project eligibility requirements set forth in II.A, specifically that the Project:
    1. Qualifies as an Advanced Nuclear Energy Facility in the technology areas described herein;
    2. Avoids, reduces, or sequesters anthropogenic emission of greenhouse gases;
    3. Employs New or Significantly Improved Technology as compared to Commercial Technology in service in the United States;
    4. Is located in the United States;

    5. Provides a reasonable prospect of repayment of the principal and interest on the Guaranteed Obligation and other Project debt;
    6. Has sufficient funds to carry out the Project; and
    7. Is not benefiting from certain other federal assistance as more fully described in II.A."

    "This Solicitation is designed to provide loan guarantees under Title XVII to support those projects that have the most promising advanced nuclear energy facility technologies. DOE will look favorably on Eligible Projects that will have a catalytic effect on the commercial deployment of future Advanced Nuclear Energy Projects that replicate or extend the innovative feature of the Eligible Project

NVGN
2.76-0.02(-0.72%)Oct 20 3:59 PMEDT

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