We’re ready for refurbishment
Ontario Power Generation is ready to deliver on the Government’s decision to invest in refurbishing the first of four units at the Darlington Nuclear Generating Station.
“Refurbishing Darlington is an investment in Ontario, says OPG President and CEO Jeff Lyash. It’s an investment in clean air, in jobs, innovation, and in lower energy prices. OPG has been preparing for refurbishment since 2009 and we’re ready to deliver the job safely, on time and on budget.”
The $12.8-billion investment will generate $14.9 billion in economic benefits to Ontario. This includes thousands of construction jobs at Darlington (an average of 8,800 per year) and at some 60 Ontario companies supplying components for the job.
This investment will also preserve about 3,000 jobs as it provides 30-plus years of clean, reliable, base load power at a cost lower than other alternatives considered. The budget is about $1.2 billion less than originally projected by OPG. The price of power from the refurbished station is expected to be between 7 and 8 cents per kilowatt hour. The Ontario Energy Board (OEB) will determine the final rate.
The refurbishment project will be subject to strict oversight to ensure safety, reliable supply and value for customers. OPG has also implemented a robust risk management strategy to ensure contractors are held accountable and appropriate off-ramps are in place.
The project is scheduled for completion by 2026.
Watch this video to learn why refurbishing our Darlington station is smart investment in Ontario's future:
Got a question? Please feel free to contact us at email@example.com or 1-866-487-4600.