Ontario has entered a cost-sharing agreement of up to $300 million with Bruce Power, aiming to advance a significant expansion at its Kincardine nuclear site that could establish it as the world's largest nuclear generating facility. The deal, announced by Energy Minister Stephen Lecce, marks a pivotal step in the province's strategy to meet surging electricity demands and achieve net-zero emissions. CP24 reported the exclusive details, stating, "> EXCLUSIVE: Ontario enters $300 million cost-sharing agreement that could help make province home to largest nuclear generating facility in the world."
The $300 million provincial investment will cover pre-development costs for the proposed Bruce C project, which includes adding up to 4,800 megawatts (MW) of new nuclear capacity. This new capacity, combined with Bruce Power's existing output, could bring the site's total generation to 11,300 MW, surpassing current global leaders. This initiative represents Canada's first large-scale nuclear build in over three decades, with pre-development work expected to continue until 2030.
Bruce Power is currently undertaking impact assessments and community consultations, with a project scope expected to be finalized by 2027 and construction potentially beginning in the early 2030s. Energy Minister Lecce emphasized the project's role in Ontario's energy security, noting that nuclear power already supplies over half of the province's electricity. The Independent Electricity System Operator (IESO) has been directed to facilitate the cost-sharing arrangement.
While the initial $300 million covers early-stage expenses, the total project cost is anticipated to be in the tens of billions, necessitating further public and private investment. Bruce Power is exploring federal funding and international partnerships to manage the financial burden. The expansion aligns with broader federal goals to triple nuclear capacity by 2050 as part of Canada's net-zero emissions strategy.
Local stakeholders, including Kincardine Mayor Kenneth Craig, have expressed optimism regarding job creation, projecting thousands of skilled positions during the construction phase. However, some residents have voiced concerns about potential environmental impacts and the extensive timeline involved. The project's next key milestone is a federal environmental assessment decision, expected by late 2026, which will precede any major construction.
