Ontario Greenlights Pickering Nuclear Generating Station Refurbishment

Nov 26 (Reuters) - Ontario Ministry of Energy and Mines:

• SAYS ONTARIO GOVERNMENT HAS APPROVED ONTARIO POWER GENERATION’S (OPG) PLAN TO REFURBISH FOUR CANDU NUCLEAR REACTORS AT THE PICKERING NUCLEAR GENERATING STATION

• SAYS THE REFURBISHMENT WILL EXTEND THE FACILITY’S OPERATIONS TO DELIVER AFFORDABLE, RELIABLE AND CLEAN POWER FOR UP TO 38 YEARS

• SAYS PENDING FINAL LICENSING APPROVALS FROM THE CANADIAN NUCLEAR SAFETY COMMISSION (CNSC), OPG WILL BEGIN THE PROJECT EXECUTION PHASE TO REFURBISH PICKERING “B” UNITS 5 TO 8 IN EARLY 2027, WITH COMPLETION EXPECTED BY THE MID-2030S

• SAYS ONCE COMPLETED, PICKERING WILL GENERATE AN INCREASED CAPACITY OF UP TO 2,200 MEGAWATTS (MW) OF ELECTRICITY, EQUIVALENT TO POWERING 2.2 MILLION HOMES