First 300-MW modular facility in Ontario, to be built at site of existing 3,500-MW nuclear plant, may cost billions; US power producer TVA also will use GE Hitachi BWRX-300 design in up to 20 SMRs.
Even as Canada’s government boosted national infrastructure spending by 11% from 2015 to 2017 and launched the Canada Infrastructure Bank to attract and funnel private-sector project dollars, private investment declined 18% in the same period, says a report by a think tank at Ontario’s Western University.
Canadian Prime Minister Justin Trudeau has named former Ontario pension-fund giant CEO Jim Leech as special adviser to Canada’s newly authorized, but still unlaunched, federal infrastructure bank.
