OPG has put together a project management team with extensive experience from previous Candu refurbishment projects, including some team members seconded to work on the refurbishment of the Point Lepreau reactor in New Brunswick.

Oakville’s Promation Nuclear is among the local companies that will benefit from this project. Bruce Power President and CEO Duncan Hawthorne said: “Operating nuclear plants is a unique type of business in the sense that we are not driven by competition between operators, but by our collective success as we share so much in common”.

The project involves replacement of significant reactor components.

As part of the upgrade project, a C$2.75bn ($1.94bn) contract has been awarded by provincial government-owned OPG to a 50/50 joint venture (JV) of Aecon Group and SNC-Lavalin.

Her administration has cancelled plans to build a new $15 billion nuclear generating station.

Ontario Power Generation (OPG) on Monday revealed plans to spend $12.8 billion to refurbish four nuclear reactors at the Darlington complex, east of Toronto.

Chiarelli said last month that he would have an announcement about the future of Darlington in January. All costs for the Darlington refurbishment will be subject to review and approval by the OEB through a public and transparent process to ensure they are prudently incurred.

Each of the four reactors of the Darlington station will be taken out of service to allow for the replacement of fuel channels, feeder pipes, calandria tubes and end fittings. “We’ve been preparing since 2009, and we’re ready to deliver the job safely, on time and on budget”.

The Province has also approved OPG’s plan to pursue continued operation of the Pickering Generating Station beyond 2020 up to 2024, which would protect 4,500 jobs across the Durham region, avoid 8 million tons of greenhouse gas emissions, and save Ontario electricity consumers up to $600 million.

Bruce Power assumed all risks of cost overruns for its nuclear rebuild project, which will start in 2020, four years later than originally planned.