Masthead graphic based on a painting by Gudrun Thriemer.

Wednesday, July 15, 2009

Tyler Hamilton, "$26B cost killed nuclear bid," Toronto Star, July 14, 2009.

[The new Conservatives, in line with traditional neoliberal dogma, are looking to privatise AECL (Atomic Energy of Canada, Ltd), the nation's nuclear manufacturer. We need to recite the Follies of Privatization yet another time. Shall we begin with prisons? or the new security contractor armies? -jlt]

The Ontario government put its nuclear power plans on hold last month because the bid from Atomic Energy of Canada Ltd., the only "compliant" one received, was more than three times higher than what the province expected to pay, the Star has learned.

Sources close to the bidding, one involved directly in one of the bids, said that adding two next-generation Candu reactors at Darlington generating station would have cost around $26 billion.

It means a single project would have wiped out the province's nuclear-power expansion budget for the next 20 years, leaving no money for at least two more multibillion-dollar refurbishment projects.

  AECL is virtually worthless if it fails to secure the Ontario contract.

Read the rest here =>

Queen's Park Bureau Chief Robert Benzie picks up the story, "'Good news' in stalled reactor plan" (Toronto Star Jul 15 09). =>Recommend this Post

Sphere: Related Content