Bruce nuclear refit $1 billion over budget
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.
Related News

India is now the world’s third-largest electricity producer
NEW DELHI - India now generates around 1,160.1 billion units of electricity in financial year 2017, up 4.72% from the previous year. The country is behind only China which produced 6,015 terrawatt hours (TWh. 1 TW = 1,000,000 megawatts) and the US (4,327 TWh), and is ahead of Russia, Japan, Germany, and Canada.
India’s electricity production grew 34% over seven years to 2017, and the country now produces more energy than Japan and Russia, which had 27% and 8.77% more electricity generation capacity installed, respectively, than India seven years ago.
India produced 1,160.10 billion units (BU) of electricity–one…