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Federal Funding Bolsters Saskatchewan’s First Proposed 300-MW Nuclear Project

August 24, 2023

Canada’s federal government has committed C$74 million ($55 million) to support SaskPower’s potential deployment of a 300-MW small modular reactor (SMR) in the mid-2030s.

Federal agency Natural Resources Canada on Aug. 19 confirmed that up to C$50 million is designated for SaskPower from the agency’s C$250 million Electricity Predevelopment Program. Another C$24 million will be committed to the provincial government of Saskatchewan from the Environment and Climate Change Canada’s (ECCC) Future Electricity Fund (FEF).

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