Canada plans to build 10 new nuclear reactors

OTTAWA, June 23 / WAM / Canada has unveiled a new strategy to accelerate the development of the nuclear energy sector, which includes a plan to build up to 10 large nuclear reactors and simplify approval procedures for future projects.

Energy and Natural Resources Minister Tim Hodgson said the plan aims to start construction of two new reactors by 2035, with five additional reactors planned or developed by 2040.

Although the strategy does not currently include new funding, the government confirmed that it will announce by April 2027 a policy that defines federal support mechanisms and financing tools available for nuclear energy projects.

Nuclear energy contributes about 13% of electricity production in Canada, which is the second largest uranium producer in the world.

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