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Power & Operations

DFC drops prohibition on nuclear project financing

July 28, 2020, 7:02AMNuclear News

The U.S. International Development Finance Corporation (DFC) has lifted its ban on financing nuclear power projects abroad. Last month, the DFC proposed the change to its Environmental and Social Policy and Procedures, which had specifically prohibited it from offering such support.

The change, announced by the DFC on July 23, also implements a key recommendation made in an April 2020 report issued by the U.S. Nuclear Fuel Working Group, an interagency initiative to review and modernize U.S. nuclear energy policy.

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