Bruce nuclear refit $1 billion over budget
KINCARDINE, ONTARIO - The refit of two reactors at one of Bruce PowerÂ’s two nuclear plants is $1 billion over budget, and counting.
TransCanada Corp. reported that refurbishing two units of the Bruce A nuclear plant near Kincardine has cost $3.8 billion to date.
The original cost estimate, when the project was announced in 2005 was $2.75 billion.
And the project is far from finished, as TransCanada says the plant wonÂ’t be restarted until the end of 2011, with commercial operation beginning in 2012.
It was originally planned to be restarted by the end of 2009.
TransCanada says its share of the total cost of the project is expected to be $2.4 billion. It owns Bruce Power in partnership with the OMERS pension fund and an employee group.
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BERLIN - Germany will have to import up to 70% of its hydrogen demand in the future as Europe's largest economy aims to become climate-neutral by 2045, an updated government strategy published on Wednesday showed.
The German cabinet approved a new hydrogen strategy, setting guidelines for hydrogen production, transport infrastructure and market plans.
Germany is seeking to expand reliance on hydrogen as a future energy source to cut greenhouse emissions for highly polluting industrial sectors that cannot be electrified such as steel and chemicals and cut dependency on imported fossil fuel.
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