Isotope firm urges Ottawa to revive new reactors

OTTAWA, ONTARIO - A supplier of medical isotopes crucial to diagnostic tests urged the federal government to bring a project that would have replaced the aging nuclear reactor at Chalk River back from the dead.

Ottawa-based MDS Nordion wants a panel of international experts to weigh in on whether the shelved MAPLE project at the heart of its $1.6 billion lawsuit against Atomic Energy of Canada Ltd. and the Canadian government should be revived as a long-term solution to the fragile global supply.

"I think these are exceptional circumstances," MDS Nordion president Steve West said in an interview, on why his company decided to break the silence on its dispute over the project.

MDS Nordion has an exclusive revenue-sharing agreement with AECL to distribute the isotopes produced by the NRU reactor, which is now expected to be out of service for at least three months.

"We felt that we had to encourage the government to bring in this consortium of experts to restart the MAPLE project because it really truly is the only viable option going forward for a secure long-term supply of isotopes," West said.

The government supported an AECL decision to cancel the MAPLE 1 and MAPLE 2 reactors in May 2008 due to design flaws and significant cost overruns.

Natural Resources Minister Lisa Raitt said that MDS Nordion could submit its proposal to an expert panel reviewing alternatives but reviving the project would not be a quick fix. "I wouldn't want people to think that it can just be switched on because it simply cannot," Raitt told reporters.

Related News

hydro one building

Hydro One shares jump 5.7 per cent after U.S. regulators reject $6.7B takeover

TORONTO - Opposition politicians may not like it but investors are applauding the rejection of Hydro One Ltd.'s $6.7-billion takeover of U.S.-based utility Avista Corp.

Shares in the power company controlled by the Ontario government closed at $21.53, up $1.16 or 5.7 per cent, on the Toronto Stock Exchange on Thursday.

On Wednesday, Washington State regulators said they would not allow Ontario's largest utility to buy Avista for fear the provincial government, which owns 47 per cent of Hydro One's shares, might meddle in Avista's operations.

Financial analysts had predicted investors would welcome the news because the deal, announced in July 2017, would…

READ MORE
renewable power fuel cell

New fuel cell could help fix the renewable energy storage problem

READ MORE

berlin pv industry

Berlin urged to remove barriers to PV

READ MORE

world powerlines

COVID-19: Daily electricity demand dips 15% globally, says report

READ MORE

Are major changes coming to your electric bill?

READ MORE