With $2 billion from the Canada Growth Fund, the federal government is acquiring 15 per cent of the project to construct four small modular nuclear reactors at the provincial power utility’s Darlington generation station east of Toronto. The Ontario government is buying 7.5 per cent ownership with $1 billion. (The Logic)
Talking point: The whole Darlington project is expected to cost $20.9 billion, with a disproportionate amount of that spent on the first reactor. Although Ontario Power Generation is using reactors made by a joint venture of GE and Hitachi, Prime Minister Mark Carney touted the four-reactor project as a way of building Canadian supply chains supporting a first-in-the-G7 technology. Ontario hopes to share and sell its expertise widely, both abroad and in Canada; it announced such a deal with Nova Scotia right after the funding announcement.