. . . . . .

let’s make something together

Give us a call or drop by anytime, we endeavour to answer all enquiries within 24 hours on business days.

Find us

PO Box 16122 Collins Street West
Victoria 8007 Australia

Email us


Phone support

Phone: + (066) 0760 0260
+ (057) 0760 0560

Bellefonte Nuclear Plant Sells for $111 Million

  • By Admin
  • November 15, 2016

Nuclear Development, LLC entered into a contract to purchase the partially completed Bellefonte Nuclear Plant from the Tennessee Valley Authority at auction this week.  They plan to invest up to $13 billion to complete construction of the nuclear energy facility, beginning in 2017.

Two bidders took part in the auction Monday morning: Nuclear Holdings LLC and Jackson Holdings LLC. The bidding escalated from the minimum bid of $36.4 million to more than $100 million in a matter of minutes before Jackson Holdings had its final bid of $110 million topped by Nuclear Development of $111 million.

The company plans to finish the twin-reactor as a nuclear power plant and bring it online.  The project is expected to create between 3,000 and 4,000 temporary construction jobs and an estimated 2,000 permanent, high paying jobs once operational.

Nuclear Development, LLC is a family-owned and managed company established in 2012 by Franklin L. Haney.

Leave a Reply

Your email address will not be published.