Jan 30 (Reuters) - The Biden administration could loan $1.5 billion to Holtec International as soon as next month to restart the closed Palisades nuclear power plant in Michigan, Bloomberg reported on Tuesday, citing people familiar with the matter.

In October, Holtec filed with the U.S. Nuclear Regulatory Commission to reopen the 800-megawatt Palisades plant, saying it had also applied for a loan to help restart the plant.

Originally, Florida-based Holtec bought Palisades in 2022 from Entergy to decommission it.

Yet renewed interest in carbon-free power generation has given a new lease of life to nuclear power, as governments seek sources of lower-emissions electricity in the fight against climate change.

Bloomberg cited Nick Culp, a Holtec spokesman, who said that the company was "very optimistic" about the Energy Department loan process, which was a "historic opportunity for the country and Michigan." (Reporting by Seher Dareen in Bengaluru; Editing by Arun Koyyur)