Company Lays the Foundation for a Clean, Secure, Made-in-Canada EnergyFuture for Albertans

April 14, 2025 – Calgary, AB – Energy Alberta is pleased to announce the submission of its Initial ProjectDescription (IPD) to the Impact Assessment Agency of Canada (IAAC) for the proposed Peace River Nuclear Power Project, which aims to diversify Alberta’s energy portfolio by providing safe, secure and affordable electricity while creating jobs and economic opportunities.

The Impact Assessment (IA), led by the IAAC and the CanadianNuclear Safety Commission (CNSC), will evaluate the potential effects of the Project on the environment, health, society and economy. It will also assess the impacton Indigenous peoples and their rights.

“Our goal is to help build a new, secure and sustainable economy for all Albertans utilizing Canda’s world-class CANDU® nuclear technology,” said Scott Henuset, CEO & President of Energy Alberta.  “Canada’s nuclear industry is already a robust economic engine creating high-paying jobs and generating significant revenue for governments and it’s time to bring these opportunities to Alberta.”  

Energy Alberta is proposing to build a world-class nuclear power generating station in the Peace River area of Northern Alberta that would include two to four 1,000MW-class CANDU® MONARK™ reactors. The facility wouldbe licensed to produce up to 4800MW of electricity, making a significant contribution to the province’s electricity generation. CANDU® reactors use natural uranium mined and processed in Canada providing lower costs and astable, secure energy supply which is essential for the growth and development of Alberta’s communities.

Nuclear power is one of Canada’s safest and cleanest energy sources and is recognized globally as a critical tool in reducing greenhouse gases and fighting climate change. The federal government has pledged to tripleCanada’s nuclear capacity to help meet its target of net-zero emissions by 2050. This shift toward nuclear energy stems from the fact that nuclear power is the only readily scalable, zero-emission energy source capable of delivering reliable and affordable electricity around the clock.

The proposed facility will be a major job creator, offering thousands of high-skilled construction, operation and maintenance jobs in the region. Early estimates indicate a peak construction workforce of 5,000 and a full operations workforce of 2,000 to 3,000 direct and indirect workers.  Once operational, the plant will contribute to Alberta’s economic growth by providing a stable and affordable energy supply, lowering electricity costs and attracting new investments to the province. It also positions Alberta as a leader in the clean energy transition, offering an innovative solution to meet both local and national energy demands. CANDU® is Canadian technology with made-in-Canada design and manufacturing that has alarge impact on the country’s GDP and offers security of supply in a complex geo-political environment.

Energy Alberta has assembled a team with extensive nuclear experience and initiated the planning required to advance a nuclear generation project in Canada, including early consultations with governments, local communities and Indigenous Nations and Communities.

“Energy Alberta has been actively engaged with local communities and Indigenous Nations and we are committed to responsible and transparent relationships throughout the life of the Project,” added Henuset.  “By working closely and in consideration of local interests, we will ensure the Project benefits all Albertans while remaining aligned with our core values of safety, sustainability and environmental stewardship.”

The IPD provides an early overview of the proposed Project, including key aspects of the design and regulatory process, and is intended to inform stakeholders and support engagement efforts that will help refine the final project design. IAAC and CNSC invite public comment and feedback on the IPD through their website from April 14, 2025 to May 14, 2025. Read the Initial Project Description and a summary of the Initial Project Description on the Project page of the IAAC website.

An IA is a phased planning process spanning over multiple years, involving extensive community and public engagement, as well as comprehensive environmental and socioeconomic studies. Upon completion of the IA process, the federal government determines whether the Project is in the public interest before granting approval for it to proceed.

About Energy Alberta

Energy Alberta is an Alberta-based company led by an experienced group of innovators, nuclear industry experts and leaders in environmental sustainability.

We are proposing to build and operate a world-class, made-in-Canada nuclear electricity generating station in the Peace River area of Northern Alberta that will transform energy production in the province.

Founded in 2005, our vision is to diversify Alberta’s energy portfolio by utilizing Canada’s proven nuclear CANDU® technology to provide safe, secure energy for Albertans while creating high-quality jobs and economic opportunities.

Media Contact
Ali Hounsell
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