The Canada Infrastructure Bank (CIB) has finalised an agreement with nuclear utility Ontario Power Generation (OPG) that includes CAD970m ($714m, €713m) towards Canada’s first small modular reactor (SMR).
The CIB, a federal organisation that finances revenue-generating infrastructure projects, said the investment was its largest in clean power to date.
The CIB’s investment will finance Phase 1 work at OPG’s SMR project, which is to be built next to the company’s existing Darlington nuclear power station in Clarington, Ontario.
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