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(French Below) D’importants fournisseurs mondiaux dans le domaine du nucléaire unissent leurs forces pour former “l’équipe CANDU”
Mississauga, March 28, 2006 – Five of the world’s leading nuclear technology and engineering companies have signed a four-year agreement to work together as Team CANDU to present a turn-key service and competitive solution for building new nuclear power plants in Ontario. Members of Team CANDU consist of Atomic Energy of Canada Limited (AECL), Babcock & Wilcox Canada (B&W), General Electric Canada (GEC), Hitachi Canada Ltd. (HCL) and SNC – Lavalin Nuclear Inc. (SLN).
A report released by the Ontario Power Authority in December, 2005 states that two-thirds of Ontario’s base-load generation will need replacement in the next 15 years. Team CANDU is strategically aligned to provide Ontario with a clean, safe, economical and reliable base-load option. Each member of the team has the technical strengths, core expertise and proven track record of delivering a world-class product on time and on budget.
Team CANDU will deliver a business model for Ontario that they have successfully deployed in other markets around the world over the past decade. Each of the partners takes on its share of project risk to deliver new CANDU power plants on a turn-key, fixed price basis. In this case, the traditional project risk is transferred from the owner/utility to the project team members. Based on its record of project delivery, the Team ensures delivery on time, on budget.
“AECL is teaming up with other leaders in the global nuclear industry to create a “power-house
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