Canada starts construction of first small modular reactor nuclear power project

Pinwan, October 26, according to Xinhua News Agency, the Canadian Infrastructure Bank said on the 25th that the bank has signed an agreement with Ontario Power Company to start the construction of Canada's first small modular reactor nuclear power project. The bank will invest C$970 million ($710 million) in project design and site preparation for the 300-megawatt small modular reactor. The project is located next to Ontario Power's existing 3,500-megawatt Darlington nuclear power plant, which is expected to generate electricity by 2030. When completed, it will reduce greenhouse gas emissions by about 740,000 tons per year.