A new report claims that a new large-scale Bruce C nuclear project at Bruce Power would have significant economic impacts.
A media release from Bruce Power says that the Ontario Chamber of Commerce (OCC) independent economic impact analysis final report claims that the project would "deliver lasting job creation, stimulate Ontario’s economy, and reinforce Canada’s long-term energy security for decades to come."
The report claims that economic benefits would benefit Ontario greatly, contributing "more than $217-billion to Ontario’s Gross Domestic Product (GDP) during its 80-year lifespan; and would contribute $2.3 billion to the Clean Energy Frontier of Bruce, Grey and Huron's regional GDP on an average annual basis.
The project would see thousands of jobs created in order to add an additional 4.800 megawatts of energy production. That would make Bruce Power the largest nuclear generator in the world with a capacity of 12,000 megawatts.
It is estimated in the report that the project would create 18,900 nationally, with almost 15,900 of those being focused in Ontario for the prep and construction phase alone, with thousands more during the operations and and yearly lifespan of the expansion.
"Ontario’s nuclear advantage is powering our future and showcasing the very best of Canadian technology, resources, and workers," said Stephen Lecce, Minister of Energy and Mines. "Bruce C represents one of greatest drivers of economic growth in Canada, creating 18,900 jobs and $238 billion lift to Canada's GDP over its 80-year lifespan. It is clear that Bruce Power's C is essential to Ontario’s energy and economic future, as we build on-time and on-budget."
"The Ontario Chamber of Commerce independent economic impact analysis confirms what our communities already know -- Bruce C has the potential to be a once-in-a-generation economic engine," said James Scongack, Bruce Power’s Chief Operating Officer and Executive Vice-President. "From job creation and economic growth to long-term energy security, the benefits will be felt in the Clean Energy Frontier region, as well as across Ontario and Canada."
Learn more at www.brucepower.com.
