The Bank's first funding for nuclear power partially finances the construction of an atomic power plant along the Garigliano River.
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.
The profile contains project and financial information and lists of project documents and archival records.
Sept. 29, 1959
President Black describes the Bank's recent approval of the atomic power project loan to Italy (101I).
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).
The photo shows, framed, the foundations of the giant sphere for the Nuclear Reactor. (30232108; Credit: The World Bank).
The giant sphere for the nuclear reactor is being built (30232108; Credit: The World Bank).
The power plant will have a capacity of 150,000-kilowatts (30232108; Credit: The World Bank).
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).
Nov. 7, 1957
The World Bank announces the international panel composed of Bank and Italian government members (1854242).
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).
The report contains remarks by discussion participants and a summary of the discussion.
The memorandum sets the guidelines for a joint Italian-Bank study of the economics of a large nuclear power station in Italy.
The report describes and appraises the project.
The exhibit describes the World Bank's lone foray into investment in nuclear power.