(Premier Graham At The Podium)
(Photo by Jim Hennessy)
It's official. A letter of intent has been signed between the Province and nuclear giant Areva.
Following the completion of a feasibility study Areva will be entirely responsible for managing the design construction and financing of a new light water reactor the first of it's kind in the country.
Premier Shawn Graham says the tax-payer is not on the hook for this project should it move forward.
If the plant and energy park move forward, over 8000 construction jobs could be generated and close to 500 permanent positions.
It's hoped a detailed agreement can be ironed out by the end of the year.
