Georgia has a huge economic development project in the works, and it’s not Coke, the Georgia Aquarium, nor the hydropower development deal in motion- but the largest economic development deal happening in Georgia right now is the expansion of Georgia’s Vogtle nuclear power project.
The biggest economic development deal happening in Georgia right now is in Augusta, which is costing more than 14 billion. Last week the federal government signed the contract that signals a 6.5 billion in loan subsidies that’ll build two new nuclear reactors- the reactors at the plant will be significant and four years in the making.
Georgia Power is behind the huge project, and operating as the project manager for the new reactors. The completion is more than a year behind schedule, but Georgia Power states they realize the challenges ahead, but promise to fulfill the promise to completion. A deal entangled in many challenges, and intertwined in multiple lawsuits, and a project that’s in millions of dollars over budget but Georgia Power promises the completion of the project.
Plant Vogtle is just one of Georgia Power’s two nuclear facilities, along with being one of three nuclear facilities in the whole Southern Company system. Located near Waynesboro in eastern Georgia near the South Carolina border is co-owned by Georgia Power (45.7%), Oglethorpe Power Corporation (30%), Municipal Electric Authority of Georgia (22.7%), and Dalton Utilities at 1.6% part ownership.