Nuclear support triples under Tories
OTTAWA, CANADA - Federal funding for Atomic Energy of Canada Ltd. has tripled since the Conservative government of Stephen Harper came to power in 2006.
Figures provided by Natural Resources Canada show that taxpayers will pour more than $1.2-billion into the Crown corporation during the fiscal year just ending and the one set to begin April 1.
The cash influx comes at a crucial time for AECL, which is in a life-or-death bidding war to build new, next-generation nuclear reactors in Ontario.
The Conservative government is also sitting on a study it commissioned that reportedly recommends privatizing a majority stake in AECL.
Natural Resources Minister Lisa Raitt says that several policy drivers favour increased federal support for the nuclear industry, including environmental goals, industrial development and value to taxpayers as “shareholders.”
But critics argue Ottawa is putting good money after bad, especially if it plans to sell off the profitable parts of AECL to the private sector.
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NTPC bags order to supply 300 MW electricity to Bangladesh
NEW DELHI - NTPC, India’s biggest electricity producer, on Tuesday said it has won a tender to supply 300 megawatts (MW) of electricity to Bangladesh for 15 years.
Bangladesh Power Development Board (BPDB) had invited tenders for supply of 500 MW power from India for short term (1 June, 2018 to 31 December, 2019) and long term (1 January, 2020 to 31 May, 2033). NTPC Vidyut Vyapar Nigam (NVVN), Adani Group, PTC and Singapore-bases Sembcorp submitted bids by the scheduled date of 11 January.
Financial bid was opened on 11 February, the company said in a statement. “NVVN, wholly-owned subsidiary…
