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CME says refurbishing Ontario nuclear fleet a major economic boost


July 14, 2010
By Anthony Capkun

Refurbishing nuclear facilities at Bruce and Darlington will create 25,000 jobs in the next decade, and inject $5 billion into the Ontario economy annually. “The economic impact of refurbishing these facilities represents a major boost to our economy at a time we will need it most,” said Ian Howcroft, vice-president of CME Ontario.

“That’s not just good news for our manufacturers – it’s great news for
the thousands of Ontarians who will benefit from new jobs,” continued
Howcroft, who was speaking about a report released today by Canadian
Manufacturers & Exporters
(CME).

“With government economic stimulus investments expected to continue
until the end of 2011 at the latest, this massive investment into
competitively- priced nuclear power will be good timing,” he added.

The current Integrated Power System Plan (IPSP) calls for the
refurbishment of all nuclear units at both the Bruce and Darlington
sites that, combined, can produce up to 10,000MW of electricity. Nuclear
power currently produces over 50% of Ontario’s electricity, continues
CME. (The report did not take into account the impact of new build in
Ontario which, says CME, will also be required to meet Ontario’s
long-term energy needs.)

CLICK HERE for a copy of the report.