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How much did Pickering Nuclear Generating Station cost to build?

The Pickering Nuclear Generating Station is an eight-unit CANDU plant of about 3,100 MW on Lake Ontario in Ontario, built by Ontario Hydro in two stations: Pickering A (Units 1 to 4, commissioned 1971 to 1973) and Pickering B (Units 5 to 8, commissioned 1983 to 1986), with construction beginning in 1966. Wikipedia gives Pickering A's cost as CAD 716 million and Pickering B's as CAD 3.84 billion, with no source opened to confirm either, and a CAD 26.8 billion refurbishment was approved by Ontario in 2025.

Reported project cost

CAD 3.84 billion

Approximately $2.76 billion

Cost basis: 1986

View of the Pickering Nuclear Generating Station at the shore of Lake Ontario at Beachfront Park in Pickering, ON
Dillan PayneCC BY-SA 4.0

Cost evidence

Basis of the published figure

Reported project cost1986
canada.constructconnect.com

Project record

Timeline

  1. 1 June 1966

    Construction started

    canada.constructconnect.com
  2. 28 February 1986

    Opened or launched

    canada.constructconnect.com

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