HOLLYWOOD, Ala., Nov. 14, 2016 /PRNewswire/ -- Nuclear Development, LLC today entered into a contract to purchase the partially completed Bellefonte Nuclear Plant (Bellefonte) from the Tennessee Valley Authority (TVA) at auction and will invest up to an additional $13 billion to complete construction of the nuclear energy facility, beginning in 2017. The project is expected to create between 3,000 and 4,000 temporary construction jobs and an estimated 2,000 permanent, high paying jobs once operational. "Today marks the first step of an exciting new journey for the people of Alabama and Tennessee," said Franklin L. Haney. "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." Mr. Haney continued, "I would like to thank the Tennessee Valley Authority Board of Directors and Chief Executive Officer Bill Johnson for their diligent work in executing this fair and open bidding process. I am grateful for the entire Alabama and Tennessee congressional delegations - especially Senators Shelby, Sessions, Alexander, and Corker, as well as Alabama Governor Robert Bentley - for their continued support of nuclear development throughout this process. I appreciate TVA's confidence in our proposal and I am excited to carry forward the investments TVA has already made in Bellefonte Nuclear Plant for the benefit of North Alabama and the surrounding communities. This is truly a historic day for the TVA region." Once completed, Bellefonte will feature state-of-the-art technology and security systems, including a digital Instrumentation & Control (I&C) system for the reactor, double-barrier safety barriers, and a control room simulator for training operations.