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.
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