Canadian National Energy Alliance awarded Nuclear Laboratories contract

Image
-
0Comments

The Canadian government has selected the Canadian National Energy Alliance (CNEA) as its preferred bidder in to operate and manage Canadian Nuclear Laboratories (CNL), Canadian Minister of Natural Resources Greg Rickford said on Friday.

The next stage for this agreement will be the finalization of the contract between the government and CNEA. CNL will continue to fulfill the mandate of its parent company, Atomic Energy of Canada Limited (AECL), which is nuclear waste management and decommissioning activities.

“Our government is demonstrating support for jobs and growth in nuclear energy by investing in science and technology, advancing trade opportunities and maintaining a world-class safety regime,” Rickford said. “Today’s announcement marks the conclusion of a six-year process enhancing the efficiency and prosperity of the Canadian nuclear industry.”

The restructuring of AECL is a part of a larger effort on the government’s part to strengthen the nuclear energy industry. Previously, the government invested $325 million into the research infrastructure of the CNL facility and opened trading opportunities through modern legislative measures relating to nuclear liability. With these in place, Canada can interact with other growing nuclear energy markets, specifically in India and China.

Rickford said nuclear energy supplies approximately 15 percent of Canada’s electricity and accounts for more than 50 percent of electricity in Ontario.



Leave a Reply

Your email address will not be published. Required fields are marked *

Related

WINDESCO: WeBoost Platform Increases Annual Output by $3,000 per Megawatts for Longroad Energy’s 145 Megawatts Acquired Wind Plant

WINDESCO: WeBoost Platform Increases Annual Output by $3,000 per Megawatts for Longroad Energy’s 145 Megawatts Acquired Wind Plant

WindESCo Helps Longroad Energy Optimize Wind Asset Performance to Unlock $430,000 in Annual Revenue

ACWA POWER: Signs three agreements for the first foreign investment based independent wind power project in Azerbaijan

ACWA POWER: Signs three agreements for the first foreign investment based independent wind power project in Azerbaijan

Following the signing of the implementation agreement for the $300 million Independent Power Project in January 2020, and under the patronage of the Ministry of Energy in Saudi Arabia, ACWA Power today executed the official agreements for the 240 MW wind power project that will be located in the Absheron and Khizi regions.

CAPITAL DYNAMICS: Exits 108-Megawatt Beacon II and V Solar Portfolio in Kern County, California

CAPITAL DYNAMICS: Exits 108-Megawatt Beacon II and V Solar Portfolio in Kern County, California

Capital Dynamics, an independent global private asset management firm, completed the sale of a majority interest in its Beacon portfolio to TortoiseEcofin and S&B USA Energy. Each buyer has acquired a 49.5% ownership of the portfolio. Capital Dynamics retains a minority stake of 1%.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Power News Wire.