Another milestone for Bruce Power's Unit 6 major component replacement project.
The Independent Electricity System Operator verified the company’s final cost estimate for the project to proceed in January 2020.
“Ontario’s families and businesses are counting on Bruce Power to provide low-cost electricity," said Mike Rencheck, Bruce Power’s president and CEO. “We will continue to perform at a high level, creating and sustaining 22,000 jobs across the province annually, and injecting $4 billion into Ontario’s economy each year.”
The Unit 6 MCR is expected to create an additional 2,000 jobs on average across the province, over the next four to five years. All of the investment for the project will be met by Bruce Power, and the company will take on the risk of executing the project on time and on budget.
The news is positive for electricity consumers and for medical patients, as it secures a long-term supply of Cobalt-60, said Kevin Brooks, President of Nordion.
Minister of Education and Huron-Bruce MPP Lisa Thompson welcomed the news and the impact it will have on the community and the province.
“Bruce Power is the perfect example of Ontario being ‘Open for Business,’” Thompson said. “In addition to creating jobs, they are critical suppliers of low-cost electricity and medical isotopes throughout Ontario. The Unit 6 MCR will also be an economic driver in communities across Huron-Bruce, and position the region for sustainable prosperity for years to come.”
Minister of Minister of Government and Consumer Services and MPP for Bruce-Grey-Owen Sound Bill Walker said this is more positive news for the region.
“Bruce Power is driving Ontario’s economy forward, generating low-cost power, supplying isotopes around the world, and creating jobs through private sector investment in infrastructure,” said Walker. “This announcement is good news for rural southwestern Ontario, which is emerging as a global centre of nuclear innovation, manufacturing, and services.”
