SAINT JOHN — The New Brunswick government is committing $10-million to establish the province as a leader in the field of small, modular nuclear reactor technology.
Energy Minister Rick Doucet made the announcement in Saint John, saying energy is a way to grow the economy. He says the government is interested in the development of expertise related to non-carbon emitting technology.
The funding will help the New Brunswick Energy Solutions Corporation develop a nuclear research cluster in the province, said David Campbell, chair of the New Brunswick Energy Solutions Corporation.
“New Brunswick needs to broaden its participation in new and emerging sectors,” said Campbell in a release. “An opportunity like this is one that this province is already well-positioned to accelerate. We already operate a conventional Candu 6 nuclear reactor and we could capitalize from the synergies that already exist in our nuclear sector.”
New Brunswick’s Candu 6 reactor at Point Lepreau is the only nuclear power plant in Atlantic Canada. Doucet says New Brunswick is well-placed to play a role in the growth of the sector.
NB Power President Gaetan Thomas says the utility has been a leader in innovation and is pleased to be able to conduct research into small modular reactors.
“At NB Power we have consistently been leaders in innovation in our nuclear facility, generation and transmission. In fact, the Point Lepreau Nuclear Generating Station has just marked its best operational and fiscal performance since 1994,” said Gaëtan Thomas, president and CEO of NB Power.
“We are pleased to continue this momentum with research that will be carried out into small modular reactors and we are confident this effort will yield employment and revenue to the Province of New Brunswick.”
The Canadian Press