Energy demand
Commented by Nico Popp on October 22nd, 2026 | 05:41 CEST
Beyond Coal: Cameco, GE Vernova and NU E Power in Canada's Nuclear Energy Transition
Created and published on behalf of NU E Power Corp.
The Canadian province of Saskatchewan is planning a fundamental restructuring of its energy supply. A government plan presented by Premier Scott Moe at the end of September envisages generating at least 2,600 megawatts (MW) of electricity from nuclear power plants by 2050. Saskatchewan, historically heavily dependent on coal- and gas-fired power generation, cites supply security and affordable electricity as reasons for its shift toward nuclear power. The plan comprises two technical development stages. First, provincial utility SaskPower plans to build small modular reactors (SMRs) near Estevan at the Rafferty Reservoir. Second, large, conventional nuclear reactors with a capacity of over 2,000 MW are to be built in the northwest of the province, with the first potentially coming online in 2042. Established companies such as Cameco and GE Vernova are active in this evolving energy landscape, alongside specialised project developers such as NU E Power.
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