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
Omnidian Acquires Australia's Solar Service Guys to Expand Global Reach
SEATTLE - In a strategic move aimed at boosting its presence in the global renewable energy market, Seattle-based Omnidian has announced the acquisition of Australia's Solar Service Guys. This acquisition marks a significant step in Omnidian's expansion into Australia, one of the world’s leading solar markets, and is expected to reshape the landscape of solar panel services both in the U.S. and abroad.
Founded in 2018, Omnidian is a rapidly growing startup that specializes in managing the performance of solar power systems, ensuring they continue to operate efficiently and effectively. The company provides maintenance services for both residential and commercial…
