The Saskatchewan Research Council (SRC) is getting a multi-million dollar boost to help fund its microreactor project, which aims to provide heat and power to remote communities and industries.
The Saskatchewan Government has made an $80 million commitment to the SRC to help get through the “highly complex” licensing and regulatory requirements for operating the microreactor.
“Microreactors provide a custom solution for Saskatchewan’s unique energy needs,” Premier Scott Moe said on Monday.
Moe said the government believes microreactors will play a “key role” in providing clean energy.
“This project has the opportunity to be transformative for our economy, industry and communities,” he said.
The SRC said if it can get approval, the eVinci microreactor will be built by the Westinghouse Electric Company, a firm in which Saskatoon-based Cameco owns a 49 per cent stake.
It’s expected to be operational by 2029.
SRC president and CEO Mike Crabtree said the goal is to use a microreactor in an …