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Feds keep lid on Atomic Energy Canada sale report - 0 views

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    The federal government said late Monday it had received a report it commissioned on the best way to break up and sell Atomic Energy Canada Ltd. - but refused to release the report's recommendations, citing "commercial confidentiality considerations." Natural Resources Minister Lisa Raitt announced last spring that the government was prepared to break up AECL, a Crown corporation, into two parts. One part would include the business responsible for selling and building CANDU reactors, the large powerful machines that provide electricity at plants in New Brunswick, Quebec and Ontario. The government signalled its intention to a seek a private sector partner to buy all or part of the CANDU business.
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    The federal government said late Monday it had received a report it commissioned on the best way to break up and sell Atomic Energy Canada Ltd. - but refused to release the report's recommendations, citing "commercial confidentiality considerations." Natural Resources Minister Lisa Raitt announced last spring that the government was prepared to break up AECL, a Crown corporation, into two parts. One part would include the business responsible for selling and building CANDU reactors, the large powerful machines that provide electricity at plants in New Brunswick, Quebec and Ontario. The government signalled its intention to a seek a private sector partner to buy all or part of the CANDU business.
Energy Net

AFP: Canada suspends new nuclear reactor construction - 0 views

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    Ontario, Canada's economic hub, announced Monday the suspension of its plan to build two new nuclear reactors, citing concerns about vendor Atomic Energy Canada Limited's viability, and pricing. The provincial government said AECL's bid to build the two new nuclear power plants at its Darlington station, 43 miles (70 kilometers) east of Toronto, by 2018 was the only one to meet its terms and objectives. The project was to be the first step in the modernization of Ontario's aging nuclear fleet. France's Areva and Westinghouse Electric Company, a subsidiary of Japan's Toshiba, had also bid on the project in February.
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