Canada is forging ahead with plans to build the nation’s first small modular reactor (SMR). The Canada Infrastructure Bank will provide $717 million in financing to pay for a range of work needed to prepare for construction of the 300-MW nuclear power unit at the site of Ontario Power Generation's existing 3,500-MW Darlington nuclear generating station near Toronto.
Construction would start in late 2024 or early 2025, with planned opening in 2028. Its final price tag could run into the billions. The utility also plans to roll out up to three additional SMRs, it said.