NWMO estimates potential jobs to CLC if repository located in this area (February 2016)

At its Feb. 16 meeting, the Elliot Lake community liaison committee (ELCLC) was provided with a scenario by the Nuclear Waste Management Organization (NWMO) on the potential job prospects if the proposed deep geological repository for spent nuclear fuel was to be in this community.

Mike Krizanc – NWMO communications manager, and Melvin Stemeroff – an economist with AECOM an international firm, explained to the ELCLC what the potential economic impact of having the repository in this community could mean.

However, Krizanc made it clear that this presentation was just a scenario, and does not mean a community has been selected. He added that the earliest a host community would be selected could be 2023.

Economic modelling

Krizanc and Stemeroff explained the economic modelling of the scenario.

When the project, worth between $16 and $24 billion (in 2010 dollars) began, the NWMO estimated how the project might benefit a generic host community.

When the search to find a home for a proposed underground used nuclear fuel repository began, they expected only a few communities would be interested. However, 22 communities, as far away as Saskatchewan, expressed an interest.

Only nine communities are left, all in this province – southern Ontario: Central Huron, Huron Kinross and South Bruce; Northern Ontario: Ingace, Hornepayne, White River, Manitouwadge, Blind River and Elliot Lake.

“Every community has different advantages and things going for it…, and different challenges,” says Krizanc. “They all started at a different place, so, the economic potential of this project is different for every community.”

The NWMO provided its data to Stemeroff and his team to come up with more specific projections for the nine communities regarding the economic potential for each of them.

They developed potential scenarios on three geographic levels of different sizes: province wide, economic region and host area.

Krizanc says while the figures will change as new information becomes available, they would not likely change dramatically.

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By KEVIN McSHEFFREY, Elliot Lake Standard, Wednesday, February 24, 2016, as posted at http://www.elliotlakestandard.ca/2016/02/24/nwmo-estimates-potential-jobs-to-clc-if-repository-located-in-this-area

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