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Show Entire cost of the project thus would be $39 million. The offer was made in a proposal pro-posal filed with the Atomic Energy Commission by the newly organized organ-ized High Temperature Reactor Development Associates. The proposal pro-posal responded to an AEC invitation invita-tion to industry to undertake the building of a high temperature, gas-cooled nuclear power plant. Announcement that UP&L had joined in the project was made by E. M. Naughton, company president. presi-dent. George M. Cadsby, board chairman chair-man of Utah Power, is vice president presi-dent of the development group. Robert E. Ginna of Rochester, N.Y., is president. The 40,000 kilowatt prototype atomic electric plant which the firms propose to build at a cost of $24.5 million was conceived by General Atomic Division of General Dynamics Coro. The high , temperature plant would be built somewhere on the system of the Philadelphia Electric Co., one of the members of the group. It is scheduled for completion comple-tion late in 1962 or early in 1963, Mr. Naughton said. The reactor will be a high temperature, temp-erature, gas-cooled, graphite moderated mod-erated type devised by General Dynamics. The pla ncontemplates a reactor with special advantages for use in generation of electricity including simplicity, low fuel costs and safety of operations. The development group is nonprofit non-profit association of investor-owned utilities ranging from New York to California and Hawaii. Their offer is contingent on the AEC providing provid-ing $24.5 million for research. POWER COMPANY JOINS OTHERS IN POWET SEARCH Utah Power 6c Light Co. has joined with more than 50 other independent utilities in an offer to develop and build a prototype nuclear nu-clear power plant "-which will provide pro-vide a major short-cut to economic production of electricity from the atom." |