08 July 2010

NB opts for second nuke over Lower Churchill

The Government of New Brunswick today signed a letter of intent to study construction of a second reactor at Point Lepreau.

"The New Brunswick government recognizes the integral role the energy sector has in growing our economy," said Graham in a media release.

"Although this announcement is just a first step, a project of this magnitude would create 8,500 direct and indirect jobs for New Brunswickers in all regions of our province."

Newfoundland and Labrador ‘s government-owned energy company has been trying to interest New Brunswick in buying power from its Lower Churchill project, if the project is completed. 

The current price tag for the hydro development could be as much as $14 billion. In comments last month, Premier Danny Williams said that any decision on the project is up in the air indefinitely.

- srbp-