Tuesday, November 16, 2010

Hope for AECL


Industry observers have speculated some potential buyers of AECL might only be interested in servicing existing Candu reactors, a business model that would ultimately see the AECL technology fade away.

“We do require the federal government to participate as an investor,” Day said, but insisted that private investors would put up a “substantial majority” of the new company’s capital going forward.

He wants to take the design of existing large Candu reactors like the ones now in service at Ontario’s Darlington nuclear station, then enhance and develop it in new-build reactors going forward.

There goes the ACR1000!  Don't you feel that the bidders are starting to resemble the bottom half of the Toronto mayor candidate list?

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