Ontario looks at $36 billion in industrial project work
ONTARIO - In Ontario, there are 415 industrial projects totaling more than $36 billion that have either already begun construction in 2008 or are scheduled to begin construction.
The majority of the work planned is in the Power Industry, which makes up 72% of the spending with $26 billion planned, mainly for new nuclear power units and windfarms.
Bruce Power LP and Ontario Power Generation are both planning billion-dollar nuclear unit additions in Ontario. Canadian Hydro Developers Incorporated began site preparation activities for a 198-megawatt windfarm project on Wolfe Island. This is just one of a large number of windfarm projects scheduled for the province.
The second busiest industry in Ontario is the Metals & Minerals Industry with 72 projects totaling $3.5 billion. Xstrata Canada Incorporated began a $121 million project to extend the life of its Kidd Creek copper-zinc mine.
After the Metals & Minerals Industry is the Industrial Manufacturing Industry with 60 projects totaling $3 billion. Earlier this summer, Chrysler Canada Incorporated began retooling its 3 million-square-foot automobile assembly plant in Brampton.
The $1.4 billion project is scheduled to be completed next fall.
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Iran Says Deals to Rehabilitate, Develop Iraq Power Grid Finalized
TEHRAN - Iran and Iraq have finalized two deals to rehabilitate and develop the power grid of Iraq, IRNA cited the Iranian Energy Minister Reza Ardakanian.
Ardakanian met his Iraqi counterpart Majid Mahdi Hantoush in Tehran on Tuesday evening on the sidelines of Prime Minister Mustafa al-Kadhimi’s trip to the Islamic Republic on his first foreign visit.
“It was decided that the contracts related to reducing losses on the electricity distribution network in the provinces of Karbala and Najaf, as well as the contract for repairing Iraq’s distribution transformers would be finalized and signed,” the Iranian minister said.
Iraq relies on Iran for…
