WASHINGTON, March 26 (Reuters) - Kentucky said on

Thursday it has offered Global Laser Enrichment preliminary

approval for up to $98.9 million in tax and other incentives for

development of the Paducah Laser Enrichment Facility.

GLE is one of several companies seeking to develop domestic

supplies of uranium fuel for nuclear power as President Donald

Trump wants to quadruple nuclear power capacity by 2050.

Here are details:

*GLE uses lasers, not centrifuges to enrich uranium.

*Kentucky incentive package depends on GLE reaching

investment and job creation thresholds.

*GLE had hoped for a large award from the federal government

when the U.S. Department of Energy announced $2.7 billion in

orders for uranium in January. It ended up only getting $28

million.

*U.S. ban on Russian uranium goes into full effect in 2028,

which could boost demand for domestic uranium.

*GLE holds the rights to a portion of the DOE's depleted

uranium tailings, or waste byproducts left over from the

government's enrichment programs, stored at the Paducah plant.

*Silex Systems ( SILXF ) owns 51% of GLE, Cameco ( CCJ ),

one of the world's largest integrated nuclear fuel suppliers,

owns 49%.

*GLE CEO Stephen Long said: "Paducah was once the hub of the

U.S. nuclear fuel cycle, and GLE is proud to reassert Kentucky's

leadership with the world's most advanced uranium enrichment

technology."

Kentucky Governor Andy Beshear said: "This project

solidifies our role as a leader in the country's nuclear power

sector and will transform our economy, creating opportunities

for Kentucky families for generations."