Canada unveils plan to expand nuclear power capacity with up new reactors

Canada has announced a new strategy to accelerate the development of nuclear energy, outlining plans to build up to 10 new large-scale reactors and streamline approval processes for future projects.

The strategy was announced on June 22 by Natural Resources Minister Tim Hodgson and sets a target of having two new nuclear reactors under construction by 2035, with five more planned or in development by 2040, Caliber.Az reports via foreign media. 

While the plan does not include new immediate funding, the government said it will introduce a policy by April 2027 detailing conditions for federal support and financing tools for future nuclear projects.

Nuclear energy currently accounts for around 13% of Canada’s electricity generation. The country is also the world’s second-largest uranium producer and holds some of the largest high-grade uranium deposits globally.

Officials said the strategy is aimed at strengthening long-term energy security and supporting the transition to lower-carbon electricity sources.

By Sabina Mammadli