“Today’s announcement is exciting news for Ontario’s nuclear industry and for the province, as the work done on our extension of life program creates jobs and provides direct spending and indirect to help get the economy back on track in the face of the COVID-19 health crisis, ”said Mike Rencheck, President and CEO of Bruce Power.
“BWXT’s ability to execute critical projects like Extended West Shift Plus extends the life of our reactors, which Ontarians rely on to provide affordable and reliable electricity.
Bruce Power has just started a 13-year, $ 13 billion project to refurbish six of its eight nuclear reactors, extending the life of the Bruce Power site to 2064.
Over 95 percent of the parts and labor that make up the project come from Ontario.
“Bruce Power and its suppliers, including BWXT, continue to demonstrate the excellence that we can all be proud of here in Huron-Bruce,” said Ben Lobb, Member of Parliament for Huron-Bruce. “Today’s announcement is great news as it only supports and strengthens local economic activity and provides opportunities for highly skilled work here at home.
Bruce Power’s major component replacement project is worth $ 1.8 billion at a cost of $ 13 billion.
Rencheck says it’s on time and on budget. He says the project will secure 22,000 jobs in Ontario and add 5,000 jobs each year to the project, one of the largest infrastructure projects in Canada.
“I am pleased that Bruce Power and BWXT are working together to create hundreds of skilled jobs while showcasing made-in-Ontario technology,” said Bill Walker, Associate Minister of Energy and MPP for Bruce-Gray- Owen Sound.
“The partnership between these two companies will support our vital nuclear refurbishment program and allow healthcare professionals around the world to continue to rely on needed medical isotopes produced right here in Ontario.