Ottawa spends $200 million more on AECL

subscribe

The federal government is throwing another $200 million at Atomic Energy of Canada Ltd. to cover more cost overruns related to CANDU refurbishment projects.

Ottawa disclosed the amount in a supplementary budget estimate.

The funding, according to the document, "will be used to address a cash shortfall caused by unexpected technical challenges on CANDU reactor refurbishment contracts."

It's the same explanation given in February, when $100 million was allocated to cover overruns. The same month, the federal budget earmarked $351 million to federally owned Atomic Energy so it could continue design work on its Advanced CANDU Reactor and conduct repairs of the troubled Chalk River research reactor.

"That's a total subsidy for AECL in 2009 of $651 million so far," said Shawn-Patrick Stensil of the anti-nuclear environmental group Greenpeace.

"It's telling, when you consider the federal government isn't likely to fetch more than $300 million for AECL as part of its privatization efforts."

Atomic Energy's two refurbishment projects in Canada – the restart of two Bruce Power reactors northwest of Toronto and the overhaul of the Pointe Lepreau plant in New Brunswick – are over budget and delayed.

Related News

ehrc logo

Government of Canada Invests in the Future of Work in Today's Rapidly Changing Electricity Sector

OTTAWA - Smart grids, renewable electricity generation, automation, carbon capture and storage, and electric vehicles are transforming the traditional electricity industry. Technological innovation is reshaping and reinventing the skills and occupations required to support the electrical grid of the 21st century.

Canada has been a global leader in embracing and capitalizing on drivers of disruption and will continue to navigate the rapidly changing landscape of electricity by rethinking and reshaping traditional occupational standards and skills profiles.

In an effort to proactively address the needs of our current and future labour market, Electricity Human Resources Canada (EHRC) is pleased to announce the launch…

READ MORE
texas grid improvements

5 ways Texas can improve electricity reliability and save our economy

READ MORE

UK homes can become virtual power plants to avoid outages

READ MORE

ns rate increase

Nova Scotia Premier calls on regulators to reject 14% electricity rate hike agreement

READ MORE

california wild fire

California Utility Cuts Power to Massive Areas in Northern, Central California

READ MORE