Last updated 6:18PM ET
October 18, 2017
WOUB Local News
WOUB Local News
Project cost of Uranium-enrichment plant doubles
(2008-02-26)
(WOUB) - The company building a proposed
uranium-enrichment plant in southern Ohio says the project's cost has jumped to 3.5 billion dollars -- more than double the original estimate.

USEC Inc. -- based in Bethesda, Maryland -- is developing the American Centrifuge project at an old atomic weapons plant about 65 miles south of Columbus.

The plant would enrich uranium for nuclear reactors using centrifugal force, considered to be much more efficient than the 1950s-developed gaseous diffusion method.

USEC said yesterday that the rising costs of construction materials, skilled labor and commodities have caused the company to review the project's budget.

USEC president John Welch says in a statement that a comprehensive project budget will be released in the second quarter.
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