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03 June 2021
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The construction of the first BWRX-300 small modular reactor (SMR) in Ontario will generate about CAD2.3 billion (USD1.9 billion) in GDP, CAD1.9 billion in labour income and more than CAD750 million in federal, provincial and municipal tax revenue, PwC Canada has estimated in an independent report commissioned by GE Hitachi Nuclear Energy (GEH).
(Image: GEH)
Transforming Canada’s energy future: The socio-economic impact of GE Hitachi SMRs estimates the potential economic benefits that would result from job creation, local supply chain development, manufacturing, construction, operation and tax revenue generated by the deployment of BWRX-300 in Canada. Each subsequent BWRX-300 deployed in Ontario and other provinces is expected to generate over CAD1.1 billion in GDP and CAD300 million in tax revenue.