Toronto Nuclear Power Plant C$300m Over Budget

The overhaul of two reactors at the Bruce nuclear plant in Toronto, Canada, is C$300m over budget, with costs expected to run higher, according to majority-owner TransCanada.

The company told the Toronto Star newspaper that the project could cost much more.

"We have determined that it's highly likely the cost is going to exceed C$3bn, so we have increased the authorised funding for the project," TransCanada vice president Glenn Menuz says

Critics of the deal believe the tax payer will have to shoulder most of the costs.

By staff writer