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Atomic Energy of Canada languishing

The Harper government, not a great lover of AECL and its drain on revenue, has tried for a year to sell the company

The sad reality of AECL Ottawa Citizen November 17, 2010 Ontarians would love to be able to say that Atomic Energy of Canada Ltd. is on the cutting edge of nuclear technology. That its reactors are heavily in demand. That companies are clamouring to purchase this valuable mass producer of clean, electrical energy. But much of that just isn’t true…..
It would be nice to say the federal Crown corporation was producing cutting-edge reactors in the province to meet its energy needs and to supply the rest of the world. But that’s not the case. In fact, the reality is sobering.

The Harper government, not a great lover of AECL and its drain on revenue, has tried for a year to sell the company but only two firms have dropped by to kick tires. Given how little demand there is for the reactor manufacturer, SNC-Lavalin Group Inc. and Bruce Power (which runs the Bruce generator on Lake Huron) have bid low on a purchase. Both companies refuse to finance the new ACR-1000 reactor which AECL wants to sell in international markets. ……..

November 18, 2010 - Posted by Christina Macpherson | Canada, politics | antinuclear, nuclear, nuclear costs, nuclear spin, reactors