"Ontario and the federal government are spending a collective $3 billion to build Canada's first small modular reactors, a new nuclear energy technology to be built next door to the Darlington power plant. Premier Doug Ford called it a down payment on Ontario's nuclear future, in a provincial release Thursday, which said the project will make Ontario's economy more competitive, resilient and self-reliant in the face of U.S. tariffs."
"We're protecting Ontario by supporting good-paying, longterm jobs for Ontario workers and building the energy infrastructure including both SMRs [small modular reactors] and new, large-scale nuclear needed to make Ontario an energy superpower, Ford said in the release. To help build the first of four SMRs at Darlington Nuclear Station, the province will spend $1 billion through the Building Ontario Fund, while Ottawa will spend $2 billion through the Canada Growth Fund, according to the release."
Ontario and the federal government are contributing $3 billion to begin construction of Canada's first small modular reactors adjacent to the Darlington power plant. The province will provide $1 billion through the Building Ontario Fund and Ottawa will provide $2 billion through the Canada Growth Fund to help build the first of four SMRs. The planned SMRs are expected to produce 1,200 megawatts of electricity, enough for about 1.2 million homes. The initiative is promoted as supporting long-term, good-paying jobs, strengthening energy infrastructure including large-scale nuclear, and addressing projected electricity demand growth of about 75% by 2050. Construction on the first SMR has already started, and the total project cost was previously announced at $20.9 billion.
Read at www.cbc.ca
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