In September, TVA announced that it would invite bids to sell the unfinished plant.
The authority had set a minimum bid of $36.4m for the Bellefonte Nuclear Power Plant and 1,600 acres along the Tennessee River.
Nuclear Development revealed that it will invest up to an additional $13bn to complete the construction of the abandoned nuclear energy facility.
Construction has been slated to begin next year.
Expected to create about 3,000-4,000 temporary construction jobs, the nuclear plant project will result in about 2,000 permanent, high paying jobs once commissioned.
It is also claimed to generate low-cost, clean energy for the North Alabama and the surrounding communities.
Nuclear Development founder Franklin L. Haney said: “The Bellefonte Nuclear Station will help transform communities across the region – many of which have been hit hard by the forced closure of coal power plants over the last decade.
“This project will bring new life to the region by creating thousands of jobs while providing assured access to reliable, affordable, zero-emission energy."
According to Nuclear Development, the nuclear generator once made live, would have state-of-the-art technology and security systems which include digital Instrumentation & Control (I&C) system for the nuclear reactor. It will also feature double-barrier safety barriers besides a control room simulator intended for training operations.
The present nuclear plant site includes two partially-constructed B&W pressurized water nuclear reactors along with two cooling towers, spent fuel storage pools, reinforced containment buildings and water intake and discharge systems on the Tennessee River.
Image: The Bellefonte Nuclear Plant in Hollywood, Alabama. Photo: courtesy of Tennessee Valley Authority.
