Ontario to Showcase Energy Expertise in South Korea
Trade Mission to Focus on Knowledge-Sharing and Technology
Ontario will be partnering with the Organization of Canadian Nuclear Industries for a nuclear trade mission to South Korea from April 26 to May 2, 2015.
During the mission, Minister of Energy, Bob Chiarelli, will meet with officials from the South Korean government and business sectors to promote Ontario companies that provide products and services that match South Korea’s energy needs and highlight the province’s innovative energy sector, including smart grid technology, renewables, conservation and nuclear.
Ontario’s nuclear industry has successfully exported Canadian technology around the world. Our CANDU nuclear technology has been exported to Argentina, Romania, South Korea, China, Pakistan and India.
The visit will begin with the 30th KAIF Korea Atomic Power Annual Conference in Seoul at which nuclear suppliers from around the world take part in an international nuclear industry exhibition.
Working with Ontario companies to access new global markets is part of the government's economic plan for Ontario. The four-part plan is building Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.
- The South Korea nuclear mission builds on the success of the recent China innovation mission that resulted in 12 collaboration projects between Ontario, Chinese research institutions and industry partners, plus announcements from two Chinese companies of plans to establish operations in the province.
- Ontario’s first nuclear reactor went into service in 1962. Today, about 60 per cent of Ontario’s power is generated by nuclear energy.
- Ontario’s nuclear industry creates jobs and growth across many sectors. The nuclear industry generates $2.5 billion in direct and secondary economic activity in Ontario annually.
- Canada’s nuclear industry is concentrated in Ontario and supports approximately 200 nuclear supply chain companies employing more than 30,000 people nationally.
- According to the Conference Board of Canada, every $100 million increase in exports creates approximately 1,000 new jobs.
“Ontario’s nuclear expertise is well known throughout Canada. Working with OCI and my colleagues from Candu Energy, Liburdi Automation, Sartrex Power Controls, Bruce Power Strapolec, J.W. Love &Associates, CANDU Owners Group, B&W Canada, and other Ontario companies, Ontario is taking steps to share this expertise with the world. By promoting Ontario innovation abroad we strengthen our economy at home.”
“Our nuclear industry has a full range of capabilities to help South Korea meet its expanding energy needs. Emerging partnerships between Canadian and South Korean companies bring together complementary nuclear expertise, capital resources and a shared vision of new markets and opportunities for both countries.”