SaskPower announced a partnership agreement with Ontario Power Generation and Laurentis Energy Partners to establish a strategic partnership for the development of nuclear reactors.
“Today’s announcement represents much more than a partnership agreement,” SaskPower CEO Rupen Pandya said Monday.
“Not only does this mark another important milestone for our small modular reactor development project, but it also marks the leading role that our provinces are prepared to play in the development of nuclear energy in Canada and around the world. »
Dustin Duncan, the Saskatchewan minister responsible for SaskPower, said the “master services agreement” is a five-year plan and the three partners are committed to building a clean energy future to help streamline the development of small modular reactors (SMR) in the province.
“Having an agreement that allows us to leverage the expertise and knowledge of a jurisdiction and organizations that have significant expertise and experience in the nuclear sector is critically important for Saskatchewan to move forward forward with us,” Duncan said. .
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Ken Hartwick, president of Ontario Power Generation, said the company has more than 50 years of experience successfully managing its nuclear facilities and looks forward to working with Saskatchewan.
“The technology is real and the impact it can have on all of our climate goals is real,” Hartwick said. “By entering into a master services agreement, it really establishes a partnership between two companies that have a very similar philosophy and a very similar way of approaching things. »
Duncan said SaskPower is in the third year of an eight-year process and is targeting 2029 as the date it will decide whether to go with SMR.
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