Ontario invites four companies to bid on reactors

TORONTO, ONTARIO - The Ontario government has invited four companies to submit proposals that could lead to the multibillion-dollar refurbishment of existing nuclear plants and the building of new plants.

The four — Atomic Energy of Canada Ltd., AREVA NP, GE Hitachi Nuclear Energy, and Westinghouse Electric Co. — are being asked to show that they can qualify for a construction licence and have the ability of deliver on the massive project.

Atomic Energy is the only Canadian company invited to submit. Its CANDU reactors now supply half of Ontario's electricity and about 16 per cent of Canada's. The deadline for this first part of the two-phase process is May.

In phase two of the process, companies will be asked to submit formal financial and commercial terms, construction timetables, operating and decommissioning costs. They'll also be asked to spell out the benefits of their bids to the domestic economy.

The procurement process will be overseen by the provincial government, Ontario Power Generation and Bruce Power.

A review board and a "fairness monitor" will also be in place to make sure the process is transparent and fair.

Ontario announced a plan in 2006 to ensure a reliable supply of power and reduce its carbon footprint by refurbishing some of its nuclear reactors and building new ones on existing nuclear sites.

A report from the Ontario Power Authority had recommended that the province spend $70 billion to maintain a stable supply of electricity, with more than half the money allocated to nuclear power.

There are 16 operating nuclear reactors in Ontario at the Darlington, Pickering, and Bruce generating stations.

Related News

BC Hydro cryptic about crypto mining electricity use

VANCOUVER - In its Nov. 1, 2022 load update briefing note to senior executives of the Crown corporation, BC Hydro shows that the entire large industrial sector accounted for 6,591 gigawatt-hours during the period – one percent less than forecast in the service plan.

BC Hydro censored load statistics about crypto mining, coal mining and chemicals from the briefing note, which was obtained under the freedom of information law because it feared that disclosure would harm Crown corporation finances and third-party business interests.

Crypto mining requires high-powered computers to run and be cooled around the clock constantly. So much so that cabinet…

READ MORE
powerlines

Biden administration pushes to revitalize coal communities with clean energy projects

READ MORE

ev

British Columbia Halts Further Expansion of Self-Driving Vehicles

READ MORE

montana solar

Basin Electric and Clenera Renewable Energy Announce Power Purchase Agreement for Montana Solar Project

READ MORE

gov lamont

CT leads New England charge to overhaul electricity market structure

READ MORE