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AECL worried about Ont. nuclear cost overruns

AECL worried about Ont. nuclear cost overrunsUpdated:
Tue Jun. 09 2009 8:56:31 PMctvtoronto.caAs Ontario comes close to deciding who it will pay $20 billion to build two new nuclear reactors, the Canadian bidder is already worried that it will face large cost overruns.The warnings are contained in the secret documents left by a former member of Natural Resources Minister Lisa Raitt’s staff at CTV’s Ottawa bureau recently.In the documents is a page dealing with the bid by Atomic Energy Canada Ltd. (AECL), which hopes to win the contract. On that page is the following statement: “… There is the risk there could be large cost overruns.”……..
….The last nuclear plant constructed in Ontario was the Darlington project, which went over-budget by about $15 billion when it was finally opened nearly 20 years ago. Ontario’s hydro customers are still playing off that debt.

CTV Toronto – AECL worried about Ont. nuclear cost overruns – CTV News, Shows and Sports — Canadian Television

June 10, 2009 - Posted by Christina Macpherson | business and costs, Canada | antinuclear, nuclear, nuclear costs, radioactive, uranium