Canada invests nearly C$1 billion in OPG’s SMR project at Darlington

October 27, 2022, 6:56AMNuclear News
Artist’s rendering of a BWRX-300 plant. (Image: GE Hitachi Nuclear Energy)

Canada Infrastructure Bank (CIB) has finalized an agreement with Ontario Power Generation, committing C$970 million (about $715 million) to Canada’s first small modular reactor, to be located at OPG’s Darlington nuclear power plant in Clarington, Ontario.

A state-owned enterprise founded in 2017, CIB is charged with financially supporting revenue-generating infrastructure projects in the public interest via public-private partnerships. The agreement with OPG is the bank’s largest investment in clean power to date, according to a Tuesday joint announcement.

To continue reading, log in or create a free account!

Related Articles

Securing the advanced reactor fleet

May 17, 2024, 3:00PMNuclear NewsBen Cipiti, Katya Le Blanc, and Cory Hatch

Physical protection accounts for a significant portion of a nuclear power plant’s operational costs. As the U.S. moves toward smaller and safer advanced reactors, similar protection...

BWXT announces nuclear manufacturing plant expansion

Investment banking on higher demand for SMR and large nuclear reactors

April 19, 2024, 9:30AMNuclear News

BWX Technologies announced today plans to expand and add advanced manufacturing equipment to its manufacturing plant in Cambridge, Ontario, Canada.A $36.3 million USD ($50M CAD) expansion will...