Construction set to begin on 1st of Ontarios small modular nuclear reactors [Video]

Ontario is set to begin work on building its first small modular nuclear reactor, the Ford government has announced, with completion targeted for the end of the decade.

On Thursday morning, Energy Minister Stephen Lecce announced the government had approved Ontario Power Generation’s plan to begin work on building the first of four small nuclear modular reactors in the province.

Ontario Power Generation — which said it would pay for the reactors by relying on debt and funds raised from the utility rate instead of major government funding — is planning to build the first reactor at Darlington Nuclear Generating Station.

In total, OPG said it expects to spend $20.9 billion across the four small nuclear reactors.

The first reactor, which is set to begin work this year, is priced at around $6.1 billion, while a further $1 billion is being spent on studies and other groundwork to get all …