Date
Timeline Description

The Bank's first funding for nuclear power partially finances the construction of an atomic power plant along the Garigliano River.

Detail Description

The Bank actively considered the application of nuclear power on a commercial scale in 1955. The Bank and the Italian government agreed to undertake, in 1957, a joint study concerning a large nuclear power station to be established by the Societa Elettronucleare Nazionale (SENN) in southern Italy. This loan, which finances 60% of the cost of constructing the atomic power plant on the Garigliano River, is the Bank's first investment in nuclear power.

Image Timeline
Report on SENN's nuclear power station site selection (1854242).
Image Timeline Caption

Report on SENN's nuclear power station site selection (1854242).

Resource
Title
Nuclear Power Project
Description
P037419: Approved Sept. 14, 1959
The profile contains project and financial information and lists of project documents and archival records.
Image
Nuclear Power Project
Event
42
Description

Sept. 29, 1959
President Black describes the Bank's recent approval of the atomic power project loan to Italy (101I).

Image
President Black address to the Boards of Governors
Title
President Black address to the Boards of Governors
Audio File
Event
42
Description

Sept. 23, 1957
President Black discusses the Bank's study on the commercial feasibility of atomic energy undertaken jointly with the Government of Italy (36I).

Image
President Black address to the Boards of Governors
Title
President Black address to the Boards of Governors
Audio File
Event
42
Image
Nuclear power plant reactor under construction
Title
Nuclear Power Plant Reactor Under Construction
Description

1960
The photo shows, framed, the foundations of the giant sphere for the Nuclear Reactor. (30232108; Credit: The World Bank).

Image
Nuclear power plant under construction
Title
Nuclear power plant under construction
Description

1960
The giant sphere for the nuclear reactor is being built (30232108; Credit: The World Bank).

Image
The giant sphere for the nuclear reactor
Title
The giant sphere for the nuclear reactor
Description

1961
The power plant will have a capacity of 150,000-kilowatts (30232108; Credit: The World Bank).

Title
Memo from C. Allardice to files
Image
Memo from C. Allardice to files
Description

Feb. 12, 1958
Bank staff meet to discuss the financial structure of SENN and the contracts covering the disposal of power that will be generated by SENN's nuclear power plant (1854242).

Event
42
Title
Press release -- International Panel formed for atomic energy project
Image
Press release -- International Panel formed for atomic energy project
Description

Nov. 7, 1957
The World Bank announces the international panel composed of Bank and Italian government members (1854242).

Event
42
Title
Report on SENN's nuclear power station site selection
Image
Report on SENN's nuclear power station site selection
Description

Jan. 27, 1957
The Bank receives a report from SENN on its choice of location for the nuclear power station to be built in southern Italy (1854242).

Event
42
Title
Atomic Energy in Economic Development: Panel Discussion
Image
Atomic Energy in Economic Development: Panel Discussion
Description
Document date: Sept. 27, 1956
The report contains remarks by discussion participants and a summary of the discussion.
Event
42
Title
Joint Bank-Italian Nuclear Power Study
Image
Joint Bank-Italian Nuclear Power Study
Description
Document date: July 3, 1957
The memorandum sets the guidelines for a joint Italian-Bank study of the economics of a large nuclear power station in Italy.
Event
42
Title
SENN Nuclear Power Plant Project: Appraisal Report
Image
SENN Nuclear Power Plant Project: Appraisal Report
Description
Document date: Sept. 4, 1959
The report describes and appraises the project.
Event
42
Title
Loan for Nuclear Power
Image
Loan for Nuclear Power
Description
Originally published: August 2003
The exhibit describes the World Bank's lone foray into investment in nuclear power.
Event
42
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