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Canada will soon release new electricity and nuclear strategy, minister says

TORONTO, March 5 (Reuters) - Canada's Energy and Mining Minister Tim Hodgson said on Thursday the government will release a new electricity and nuclear strategy in the coming months as demand for nuclear energy rises.

"Investors want clarity. They want speed, and they want direction from nations to which they are allocating capital. That is why our government will release a new comprehensive electricity and nuclear strategy in the coming months, probably weeks," Hodgson said at CIBC's nuclear summit.

Canada is betting on the growth of the sector to boost the economy with several new nuclear reactor projects under construction or proposed.

(Reporting by Nivedita Balu in Toronto; Editing by Caroline Stauffer )

(( Nivedita.Balu@thomsonreuters.com ; +1-343-401-6776))

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