Turkey's nuclear decision a major blow for AECL

Article Abstract:

Turkey backs out of deal to buy nuclear reactors from AECL Inc., leaving the company on shaky financial ground.

Motors and generators, Turkey, AECL Inc.

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AECL on track to become lead supplier to U.S.: Utilities considering upsurge in building

Article Abstract:

Atomic Energy of Canada Ltd. (AECL), backed by the US Department of Energy, is heading toward becoming a lead supplier of nuclear reactors in the US. AECL, which is owned by the Canadian government, has the equivalent of an advanced order to build two 700-megawatt Advanced Candu Reactors (ACRs) for Dominion Power of Richmond, Virginia.

United States, Foreign operations, Electric services, Contracts & orders let, Contract agreement, United States. Department of Energy

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AECL pins hopes on Candu sales to Turkey

Article Abstract:

Atomic Energy of Canada Ltd. (AECL) President and Chief Executive Officer Allen Kilpatrick states the significance of winning the Turkey and South Korean deals to his company's financial situation. AECL, a federally owned nuclear corporation, is looking forward to winning the C$4-billion contract to supply two 650-megawatt Candu reactors to Turkey. AECL is also vying to win the South Korean contract, which calls for the construction of a 950-megawatt reactor that would cost approximately C$3 billion to build. Kilpatrick also hopes that the Ottawa government would grant AECL C$400 million, aside from the C$100 million operating subsidy it gets, to allow the company to replace its old research reactor at the Chalk River, Ontario, facility.

Comment:

Pres & CEO Allen Kilpatrick states the significance of winning the Turkey & South Korean deals to the co's financial situation

Strategy & planning, Ontario, Article

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