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« South Korea to scale back reliance on nuclear power in wake of Fukushima | Main | FORSYS PROVIDES UPDATED MINERAL RESOURCE ESTIMATE FOR ITS NORASA URANIUM PROJECT »
Thursday
Oct102013

No to new nuclear power: Province to rebuild existing reactors instead  

Keith Leslie, The Canadian Press 


TORONTO -- Ontario's Liberal government on Thursday abandoned plans to spend billions of dollars to build two new nuclear reactors, saying the province doesn't need the power to meet its electricity demand.

"New nuclear will not be part of the long-term energy plan which we hope to finalize before the end of this year," Energy Minister Bob Chiarelli told reporters.

"We're in a comfortable surplus position at this point in time, and it's not advisable to make the major investments in new nuclear."

Costs have fallen since the province first paused its plans to build two new reactors in 2009, when the estimated price was said to be as high as $26 billion.

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