Tuesday, July 28, 2009

Bay of Fundy's 2nd N.B. reactor threatened by AECL, weak economy

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Last Updated: Monday, July 27, 2009 | 4:32 PM AT CBC News

New Brunswick Energy Minister Jack Keir is worried that continued uncertainty surrounding the economy and the future of Atomic Energy of Canada Ltd. could threaten the development of a second nuclear reactor in the province.

Keir said in an interview Monday he's still hopeful there'll be a second nuclear power plant at Point Lepreau. But the energy minister is acknowledging the project's investors want to see stability at the federal Crown corporation that would build the reactor.

"These investors have sat down with AECL and talked to them about using their technology. And certainly that's causing me some concern, in terms of what the federal government's going to do with AECL and whether they're going to sell it or keep it and give it the required funds," Keir said.

Team Candu New Brunswick, a consortium of corporations including AECL, is studying the possibility of privately building an ACR-1000 reactor and selling that power directly to the U.S. market.

The federal government announced in May it is restructuring AECL and may sell a stake in its commercial reactor division.

More ....http://www.cbc.ca/canada/new-brunswick/story/2009/07/27/nb-lepreau-aecl-reactor-350.html

Photo Credit: NB Power

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