Ontario Power Generation (OPG) has announced that the GE Vernova Hitachi 300 MW SMR being built in the province is expected to exceed its initial budget and will probably miss its scheduled October 2030 start date.

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Officials from OPG said that ongoing engineering adjustments for the SMR design along with supply chain disruptions were the core drivers for the timeline and cost adjustments.

A spokesperson for GE Vernova said that the company is committed to working through any issues affecting the project, which may also include: “engineering procurement and construction, as well as evolving market conditions, including inflation and geopolitical risks.”