'Team CANDU' Created to Build Nuclear Plants in Ontario

Five nuclear technology and engineering companies have joined together on “Team CANDU,” a four-year agreement to build new nuclear power plants in Ontario.

The five companies are:
- Atomic Energy of Canada Ltd.
- Babcock & Wilcox Canada
- General Electric Canada
- Hitachi Canada Ltd.
- SNC Lavalin Nuclear Inc.

They have partnered to devise a business model for fixed-price, turnkey plants, or plants that will be built ready to operate.

The formation of Team CANDU comes after a December 2005 report by the Ontario Power Authority stated that two-thirds of Ontario’s baseload generation will need to be replaced in the next 15 years.

Technorati tags: Nuclear Energy, Nuclear Power, Environment, Energy, Politics, Technology, Economics, Ontario