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Revival of South Carolina's Abandoned Nuclear Plants

Sector: Nuclear • Location: Columbia, South Carolina, United States

Source: Power Engineering Magazine

Project
Planned

A private company, Brookfield Asset Management, has offered $2.7 billion to the state-owned utility Santee Cooper to complete the construction and get two stalled nuclear reactors at the V.C. Summer site operational. The project was abandoned in 2017 due to delays and cost overruns. The deal includes Brookfield keeping at least 75% of the power generated, with Santee Cooper receiving a small share

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Project Information

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The project “Revival of South Carolina's Abandoned Nuclear Plants” is an infrastructure initiative in the Nuclear sector, located in Columbia, South Carolina, United States. Taiyo aggregates data on it from Power Engineering Magazine.

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Description

Description

A private company, Brookfield Asset Management, has offered $2.7 billion to the state-owned utility Santee Cooper to complete the construction and get two stalled nuclear reactors at the V.C. Summer site operational. The project was abandoned in 2017 due to delays and cost overruns. The deal includes Brookfield keeping at least 75% of the power generated, with Santee Cooper receiving a small share. The project requires extensive inspections, permit renewals, and license renewals before proceeding.

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