Ontario Power Generation has signed a deal with a municipality east of Toronto to build a new, large nuclear reactor.
Energy Minister Stephen Lecce says the proposed nuclear project in Port Hope, Ont., would create 1,700 jobs locally and more than 10,000 jobs across the province.
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The OPG submitted its initial project description on Jan. 12 to the Impact Assessment Agency of Canada for approval.
Lecce says the agreement with Port Hope is a critical step in the creation of the world’s largest nuclear station that would power up to 10 million homes.
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Port Hope Mayor Olena Hankivsky says the agreement will help achieve long-term economic growth in the region.
The province has been betting big on nuclear, recently completing a refurbishment at nearby Darlington that cost $12.8 billion, as well as building four small modular reactors at the same site and exploring a new, large-scale plant at Bruce Power in Tiverton, Ont.
Why? We’re overproducing base load as is how is this beneficial?