Refurbishing Ontario's Nuclear Fleet a Major Economic Boost: CME Report
Published by CME webmaster on July 14, 2010
According to a report released today by Canadian Manufacturers & Exporters (CME), refurbishing nuclear facilities at Bruce and Darlington will create 25,000 jobs in the next decade and inject $5 billion into the Ontario economy annually.
“The economic impact of refurbishing these facilities represents a major boost to our economy at a time we will need it most,” said Ian Howcroft, vice-president of CME Ontario. “That’s not just good news for our manufacturers – it’s great news for the thousands of Ontarians who will benefit from new jobs.
“With government economic stimulus investments expected to continue until the end of 2011 at the latest, this massive investment into competitively- priced nuclear power will be good timing,” added Howcroft.
The current Integrated Power System Plan (IPSP) calls for the refurbishment of all nuclear units at both the Bruce and Darlington sites, which combined, can produce up to 10,000 Megawatts of electricity. Nuclear power currently produces over 50 percent of Ontario’s electricity. The report did not take into account the impact of new build in Ontario, which will also be required to meet Ontario’s long-term energy needs.
A copy of the report can be downloaded HERE.
Canadian Manufacturers & Exporters (CME) is the country’s largest industry and trade association, representing businesses in all sectors of Canada’s manufacturing and exporting community. While CME’s membership includes Canada’s largest businesses, more than 85 percent are small and mid-sized enterprises. For additional information contact:
Ian Howcroft, VP CME Ontario
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