Bruce Power has announced that it had entered into an amended, long-term agreement with the Independent Electricity System Operator (IESO) to secure 6,300 MW of electricity from the Bruce nuclear power plant in Ontario (Canada), through a multi-year investment program. The company receive a single price for all output from the site of C$65.73/MWh, compared to C$64.90/MWh in 2015.
Bruce Power will invest C$8bn (US$7.3bn in 2014 $) to refurbish the 6.2 GW Bruce nuclear power plant in Canada, in addition to the C$5bn (US$4.5bn) already approved for life-extension activities from 2016-53. In the short-term, between 2016 and 2020, the company will be investing approximately C$2.3bn (US$2.1bn in $2014) as part of this plan.
The refurbishment of each unit will add approximately 30 to 35 years of operational life, while other life-extension investments will add a combined 30 reactor years of operational life to the units, pre-refurbishment.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.