Unit 2 Construction Project
TVA is currently working to finish the partially completed Unit 2. Unit 2 was about 80% complete when its construction was stopped in 1988. The official reason given for halting construction was a decrease in demand for electricity. Unit 2 remains partly completed (several of its parts being used on other TVA units), but on August 1, 2007 the TVA Board approved completion of the unit. Construction resumed on October 15, 2007, with the reactor expected to begin operation in 2015. The project is expected to cost $2.5 billion, and employ around 2,300 contractor workers. Once finished, it is estimated to produce 1,180 megawatts and create around 250 permanent jobs. Unit 2 is expected to be the first new nuclear reactor to come online in the USA in more than a decade.
In February 2012, TVA said the Watts Bar 2 project was running over budget and behind schedule.
On April 5, 2012, TVA released a revised construction schedule and cost estimate for the Unit 2 project, stating that the new target start date for Unit 2 would be by December 2015.
Read more about this topic: Watts Bar Nuclear Generating Station
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