What does the $8.3 billion in loan guarantees mean for nuclear power?



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    A loan guarantee is a promise by a government to assume a private debt obligation if the borrower defaults. This means that if the nuclear power plant does not have enough money to pay for it’s suppliers the government will pay it for them. In this case it is a relatively safe investment, as nuclear is a proven technology and the country needs energy anyway. It is a security net for the company building the power plant.

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