ATOM POWER PLANTS

Press, Volume XCI, Issue 27629, 9 April 1955, Page 7

ATOM POWER PLANTS

Construction By U.S. Industry . 10 p.m.) WASHINGTON, April 7. _ The United States Atomic Energy Commission announced today that four commercial groups proposed to build nuclear power “demonstration” stations, which would cost £54,412 000 and generate 455,000 kilowatts of electricity.

r commission’s chairman, Mr Lewis Strauss, said the proposals were proof that industry was ready to risk money on atomic energy. The proposals were made under the commission’s recently - announced power demonstration reactor programme. The groups would pay 80 to 90 per cent, of the costs with the commission paying the fest. The commission said that in addition to these proposals, the Consolidated Edison Company of New York had applied for a licence to build, entirely on its own, a 250,000-kilowatt atomic power station to cost £20,000,000. This station would be the first financed entirely by private enterprise a s a strictly business venture. The other proposals, made under specific offers by the commission, were designed to enable industry to enter the atomic power field faster and on a bigger scale than it might otherwise do.