Oct 24 (Reuters) - Public utility company Santee Cooper

said on Friday it has approved a letter of intent from

Brookfield Asset Management ( BAM ) to enter into talks over

resuming construction of two AP1000 nuclear reactors in

Fairfield County, South Carolina.

Both the companies will initiate a six-week feasibility

period during which they will select a project manager, evaluate

construction providers, and engage potential buyers for the

carbon-free power the reactors could generate.

The project was scrapped in July 2017 after two utilities,

Santee Cooper and South Carolina Electric and Gas Co (SCE&G),

had spent about $9 billion developing it.

"Brookfield came to Santee Cooper with a proposal that

set out the path to turn our prior nuclear investment," said

Peter McCoy, Santee's chairman.

The decision to maintain the equipment over the past

eight years positions the Fairfield units for a quicker and less

costly path to completion, the company said

In January, the company was seeking buyers for the two

partially built nuclear units at the V.C. Summer Nuclear Station

in Jenkinsville.

The Wall Street Journal reported the news earlier in the

day.