SaskPower establishes nuclear subsidiary ‘SaskNuclear’ [Video]

SaskPower has established a nuclear focused subsidiary to navigate the regulatory and licensing process of bringing nuclear power to the province.

According to an announcement on Wednesday, the subsidiary will allow SaskPower to advance its Small Modular Reactor (SMR) program from a “business and regulatory perspective.”

“Canada’s nuclear industry is held to a very high standard, and establishing a subsidiary dedicated to nuclear power will help SaskPower meet Canada’s strict regulatory requirements,” said Dustin Duncan, Minister Responsible for SaskPower.

The Government of Saskatchewan through SaskPower will need to build a nuclear information management system and establish a nuclear safety culture to become a licensed nuclear operator.

SaskNuclear will be wholly owned by SaskPower and will share a president and CEO as well as a board of directors.