The past month has been an exhilarating one for AECL, its employees and the Canadian nuclear industry with the release of a series of announcements that promise great growth potential for AECL and long-term solutions for legacy issues.

In this time, the Ontario government set out its plan to meet the province’s electricity needs and committed to maintain the current portion of nuclear energy in its long-term electricity supply mix plan. Team CANDU, an initiative made up of five of the world’s leading nuclear technology and engineering companies, including AECL, is positioned to support the government in its new build requirements by offering a turnkey, fixed price solution using Canadian-made CANDU technology.

On the national level, AECL is moving forward on a path to achieve international best practices for managing Canada’s decommissioning and waste management obligations for its nuclear facilities following the recent commitment of $520 million over the next five years by the federal government.

Wolsong 1 CANDU 6

Internationally, AECL was recently awarded a major retube contract for the Wolsong 1 CANDU 6 nuclear reactor in Korea. This marked AECL’s first international retube project and its third major contract awarded in the past 10 months.

And, finally, supporting our international growth and position as a long-term full service provider, a recently signed Memorandum of Understanding between Argentina and AECL sets out the framework for a program of substantially enhanced nuclear co-operation with resulting commercial opportunities for AECL and Canada.