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Nuke French kiss to Canada?

Nuke French kiss

AECL could lose deal to build Ontario reactors to foreign firm

Winnipeg Sun By GREG WESTON 12 March

“…………………………..Documents obtained by the Canadian Press show over $1 billion of public funds going to the agency just in this year and last.That includes over $400 million directly into designing the new Candu.Finally, there is a growing consensus in the industry that the Ontario reactor deal is pretty well do or die for Atomic Energy.If the Ontario contract goes to one of the other bidders — the French giant Areva, or Westinghouse owned by Toshiba — so likely will the other Canadian deals.On the flip side, any government investing billions in a new reactor will naturally want to be sure it is the best value for taxpayers’ money — and that it works.AECL’s record of over-budget projects is so profound that it is doubtful any provincial government would order a Candu without a federal guarantee against cost overruns……………………………………….

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Greg Weston get your facts straight. The reactor (European Pressurized Reactor) that Areva is currently building in Finland is 3 years late, 50% over budget and still not done yet. Areva has only sold 4 of these European Pressurized Reactors in the past. One to Finland, one to France and two to China. You were only off by 96 when you said Areva has built 100 of these already. Not to mention that Teollisuuden Voima, the Finnish company that purchased the reactor, is seeking damages of $3.9 billion because of the delays thus far. Also, Siemens, the German company that partnered with Teollisuuden Voima on this Finnish project, is now looking to pull out because of all of the problems with construction.

E.B., March 12th 2009, 2:08pm

Nuke French kiss | Greg Weston | Columnists | Comment | Winnipeg Sun

March 13, 2009 - Posted by Christina Macpherson | business and costs, Canada