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.

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

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