Biden Proposes $4.9 Billion Loan for Grain Belt Power Line Project

Reported about 15 hours ago

The Biden administration is proposing a $4.9 billion conditional loan guarantee for the Grain Belt Express high-voltage power transmission line, which will run from Kansas to Missouri. This project, developed by Invenergy LLC, aims to enhance regional power networks and meet increasing electricity demand by transporting renewable solar and wind energy to urban areas. However, the financing could be jeopardized by the incoming Trump administration if not finalized before his inauguration on January 20.

Source: YAHOO

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