Close X
Saturday, September 21, 2024
ADVT 
National

Canada signs $3-billion deal to finance nuclear power in Romania

Darpan News Desk The Canadian Press, 19 Sep, 2023 02:23 PM
  • Canada signs $3-billion deal to finance nuclear power in Romania

Canada is helping to finance two new nuclear reactors in Romania, which that country's energy minister says will help diminish Russia's ability to use its energy exports as a weapon.

Canadian Energy Minister Jonathan Wilkinson signed the $3-billion deal with his Romanian counterpart, Sebastian Burduja, in Ottawa today.

The Canadian financing is limited to what Romania's nuclear operator spends to buy equipment and expertise from Canadian companies.

Burduja says the deal is partly about climate change, because it will help ease Romania's need to burn coal to make electricity.

But he says it is first and foremost about adding new non-Russian energy sources, and Romania is in talks to share with other countries in the region to ease their reliance on Russia, too.

Two Canadian-made Candu reactors already account for one-quarter of Romania's electricity supply and the two additional reactors will increase that to almost one-third.

 

MORE National ARTICLES

New housing minister says closing door on newcomers is no solution to housing crunch

New housing minister says closing door on newcomers is no solution to housing crunch
Sean Fraser, who previously served as immigration minister, was sworn in Wednesday morning as part of a Liberal government cabinet shuffle aimed at showcasing a fresh team ahead of the next federal election. Strong population growth through immigration is adding pressure to housing demand at a time when the country is struggling with an affordability crisis. 

New housing minister says closing door on newcomers is no solution to housing crunch

B.C. launches $10.5m rebate for businesses' vandalism repairs, prevention measures

B.C. launches $10.5m rebate for businesses' vandalism repairs, prevention measures
British Columbia is launching a $10.5-million program to help small businesses recover costs due to crime and vandalism. Economic Development Minister Brenda Bailey says the program will begin in the fall and is open to small businesses that suffered vandalism damage retroactive to Jan. 1 this year. 

B.C. launches $10.5m rebate for businesses' vandalism repairs, prevention measures

Two dead in Calgary house fire

Two dead in Calgary house fire
Two people had escaped the home and a neighbour had pulled a third person from the building and attempted life-saving efforts. Firefighters then found a fourth person in the basement as they battled the flames.  

Two dead in Calgary house fire

Staff at lodge for LNG workers in Kitimat, B.C., win 40% pay bump, averting strike

Staff at lodge for LNG workers in Kitimat, B.C., win 40% pay bump, averting strike
Employees at a lodge housing workers for LNG Canada's under-construction facility in Kitimat, B.C., have won wage increases of up to 40 per cent, averting a strike. The workers' union, Unite Here Local 40, says in a statement the new deal was reached after mediation with the employer at the BC Labour Board.  

Staff at lodge for LNG workers in Kitimat, B.C., win 40% pay bump, averting strike

Cooler weather sees B.C. wildfire numbers dip, but drought still poses concern

Cooler weather sees B.C. wildfire numbers dip, but drought still poses concern
The number of active wildfires in British Columbia has dipped below 450 as cooler weather and recent rain has cut the fire risk, although another hot spell could wipe out those gains as large sections of the province wilt under severe drought.

Cooler weather sees B.C. wildfire numbers dip, but drought still poses concern

Trudeau names new cabinet, shifting focus to economy, housing ahead of next election

Trudeau names new cabinet, shifting focus to economy, housing ahead of next election
Two-thirds of cabinet portfolios have switched hands, with seven rookie ministers coming in to replace the seven ministers who are leaving. Five of the new ministers represent constituencies in Ontario, one is from British Columbia and one from Quebec.  

Trudeau names new cabinet, shifting focus to economy, housing ahead of next election