The positive economic impacts of Bruce Power’s life extension will begin almost immediately, Bruce Power’s Vice President of Corporate Affairs told local municipal and business leaders in a briefing session Tuesday morning.
“Over the next four years, we will be investing roughly $2 billion into life-extension activities as we prepare for the first Major Component Replacement on Unit 6,” said James Scongack, who explained the details of the $13 billion investment Bruce Power will be making in the site, beginning in January 2016.
“The early focus will be on procurement and investments in the assets and we expect to have an average of 2,000 extra workers per year from 2020-35, the vast majority of whom will be skilled trades,” he added.
The response from municipal and county councillors and representatives of the business community to the briefing was positive.
“This is incredible news for our community,” said Anne Eadie, Mayor, Municipality of Kincardine. “It will provide jobs and a boost for our local economy. We couldn’t be more excited.”
Pier Donnini, Saugeen Shores Chamber of Commerce President, said the timing couldn’t be better for the business community.
“With this announcement, the business community can have certainty with which to plan for many years to come,” Donnini said. “We appreciate the efforts Bruce Power makes to communicate what’s happening so we can prepare for the future, which, at this point, looks really bright.”
About Bruce Power
Bruce Power operates the world’s largest operating nuclear generating facility and is the source of roughly 30 per cent of Ontario’s electricity. The company’s site in Tiverton, Ontario is home to eight CANDU reactors, each one capable of generating enough low-cost, reliable, safe and clean electricity to meet the annual needs of a city the size of Hamilton. Formed in 2001, Bruce Power is an all-Canadian partnership among Borealis Infrastructure Management (a division of the Ontario Municipal Employees Retirement System), TransCanada, the Power Workers’ Union and the Society of Energy Professionals. A majority of Bruce Power’s employees are also owners in the business.
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