The Financial Post reports in its Thursday, Oct. 1, edition that Saskatchewan unveiled its nuclear plans this week by naming the site for a small modular reactor and announcing a project for two large-scale reactors.
Postmedia's Nykole King writes that the proposed 600-megawatt project will be located outside of the city of Estevan near the Rafferty Dam.
The small reactor project was first announced in 2019.
A final investment decision, needed before construction begins, is expected before 2030.
The province plans to build at least two large reactors, each generating 1,000 megawatts, in Northwest Saskatchewan. The site for the power plant is still under review. Premier Scott Moe floated the idea of two reactors earlier this month.
One of those large reactors is slated to power up by 2042.
Saskatchewan will be reaching out to Ottawa for help to finance the energy projects, as well as the Major Projects Office.
The cost of a reactor is estimated to be anywhere from $5 million to $24 million per megawatt.
The government hasn't ruled out the private sector helping it foot the bill for a stake in ownership.
Contenders are Atkinsrealis Group and Westinghouse, a unit of Cameco and Brookfield Asset Management.
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