Ottawa formally invites bids for CANDU
In announcing the request for "investor proposals," Natural Resources Minister Lisa Raitt said the goal is to boost AECL's global presence while reducing the financial risk carried by taxpayers.
The research-and-technology division of the Crown corporation, including the Chalk River laboratories and its troubled medical isotope production, are not part of the government sale.
A National Bank study commissioned by the Conservative government determined there is "significant private sector interest" in a stand-alone CANDU reactor business.
However the government may have undercut its own bargaining position when Prime Minister Stephen Harper's chief spokesman described AECL as a "dysfunctional" $30-billion "sink-hole" last June.
That same month, the Ontario government put off a decision on new reactor construction after deciding all the bids – including one for an untried, next-generation AECL reactor – were too costly.
Related News
Hydro once made up around half of Alberta's power capacity. Why does Alberta have so little now?
CALGARY - When you think about renewable energy sources on the Prairies, your mind may go to the wind farms in southern Alberta, or even the Travers Solar Project, southeast of Calgary.
Most of the conversation around renewable energy in the province is dominated by advancements in solar and wind power.
But what about Canada's main source of electricity — hydro power?
More than half of Canada's electricity is generated from hydro sources, with 632.2 terawatt-hours produced as of 2019. That makes it the fourth largest installed capacity of hydropower in the world.
But in Alberta, it's a different story.
…
