Tuesday, 28 June 2011
Is the the announcement for the sale of AECL Candu Inc imminent? it seems that way... It is quite amazing that this is going through with no real national dialogue/debate...even though the sale it may happen as early as this week, Ontario wants Fed gvnt to bear part of the financial risk of potential cost overruns on building new reactors in Ontario... “One of Canada’s largest Crown corporations is slated to be sold off in a single-bidder deal conducted in total secrecy,” natural resources critic Nathan Cullen said in a statement. “Canadians are rightly worried about getting their money’s worth.” Read more: http://www.theglobeandmail.com/news/politics/ottawa-notebook/dwight-duncan-on-ottawas-aecl-deal-what-are-they-going-to-do-for-ontario/article2078931/
This the the same story on the announcement of the sale on CBC... this one quotes Peter White, the head of the Society of Professional Engineers and Associates union that represents AECL workers, saying that "he has not received word of any deal, but did say that management have asked for a meeting with union leaders on Wednesday. "Somebody from AECL wants to talk tomorrow so that tells me something's going on," White said." Read more: http://www.cbc.ca/news/canada/story/2011/06/28/aecl-lavalin.html?ref=rss
and this is the report on G&M that started the frenzy of the rumors on the sale today: "Critics say putting AECL into private hands could
leave the nuclear company starved for resources and unable to compete
effectively with global giants in the industry without federal
subsidies. They fear AECL will be slimmed down and largely operate to
service and refurbish existing reactors because SNC-Lavalin will try to
avoid risk by reducing spending on research and development and new
The ambitious goal of building new generation reactors is crucial to the
company’s future; no company can survive long on yesterday’s
technology." Read more: http://www.theglobeandmail.com/report-on-business/ottawa-to-sell-aecl-to-snc-lavalin/article2078110/singlepage/#articlecontent
and finally AECL might still have some value, guess what: SNC-Lavalin shares rise following AECL report: http://business.financialpost.com/2011/06/28/snc-lavalin-shares-rise-following-aecl-report/
And you know it is a big news day here in Canada when the news story make it to huffingtonpost: http://www.huffingtonpost.ca/2011/06/28/ottawa-to-announce-sale-o_n_885792.html
And this one in Reuters: "Little is known about SNC's bid, including the price, although analysts expect the company's offer to be modest, especially in the wake of negative sentiment globally toward nuclear energy after the Fukushima disaster.
SNC's bid is likely to give no value to AECL's reactor-building business and only price in its refurbishment operations, Northland NCP analyst Maxim Sytchev said.
"While the timing of AECL's acquisition is not ideal in the context of anti-nuclear sentiment, we believe that the asset will be priced to reflect the current reality," Sytchev said in an email to clients." read more: http://uk.reuters.com/article/2011/06/28/snclavalin-aecl-idUKN1E75R0OG20110628
... and no nuclear power company could have a long and bright future without a research reactor that could support its research and developments... lets not forget that a new research reactor could also be used for other purposes such as neutron scattering and isotope production... like NRU has done for the past 50 years!
Posted by Zahra Yamani at 19:15
Monday, 27 June 2011
Investing more in nuclear-safety and development seems to be a better move forward than shutting down a proved and environmentally-friendly technology that Germany has chosen. Source Wall Street Journal: "France will invest a total of €1 billion, or roughly $1.5 billion, in nuclear technology as the government bolsters its energy industry in the wake of the nuclear crisis in Japan, Mr. Sarkozy said at a news conference Monday. The sum includes funding for a new generation of power plants and research on nuclear safety,"There is no alternative to nuclear power today." Mr. Sarkozy said. "Those who ask for a moratorium—I find this curious. It would consist in keeping old plants and abstaining from researching new safer plants."" Read more:
Posted by Zahra Yamani at 21:33
A great resource for anyone interested in nuclear developments in Saskatchewan:
Posted by Zahra Yamani at 07:05
Thursday, 23 June 2011
Posted by Zahra Yamani at 17:38
Posted by Zahra Yamani at 17:29
Tuesday, 21 June 2011
Posted by Zahra Yamani at 23:46
Monday, 20 June 2011
That advantage rests with Atomic Energy of Canada Ltd. (AECL), the arms-length federal corporation, which possesses a highly successful CANDU reactor technology. Beyond the myriad other benefits CANDU technology offers, if this technology had been present in the nuclear reactors at the Fukushima Daiichi plant in Japan, much, if not most of the disaster following the earthquake and tsunami could have been averted.
Unfortunately, since 2007, the federal government has let AECL's restructuring and potential sale languish. The delay in decisions on this file has created uncertainty in the global nuclear marketplace about the future of CANDU reactor technology. At risk is Canada's $6.5-billion-a-year nuclear industry, employing more than 70,000 people in direct and indirect industry jobs, and generating more than $1.5 billion in federal and provincial tax revenue. All this, at the time when the world has no choice but to focus on using greener technologies like nuclear, and perhaps more importantly, when the global nuclear industry is taking a serious look at the risks posed by the nuclear technology used by Japan and many other countries around the world." read more: http://www.ottawacitizen.com/news/give+AECL/4973025/story.html#Comments
Posted by Zahra Yamani at 19:22
Thursday, 16 June 2011
NRU is back to service, a great video update on inspections performed during the planned 33-day shutdown last month:
Posted by Zahra Yamani at 21:06
Posted by Zahra Yamani at 20:55
Thursday, 9 June 2011
NRU on track to be restarted up on June 17, It is good to see that AECLis trying to avoid project creep and is intending to restart it on the planned date of June 17, some details of the work being done: "AECL has inspected two areas of the reactor vessel. Preliminary results of the examinations indicate that there has been no change in the vessel wall thickness since completion of the repair work last year and no pitting corrosion is taking place. Results also confirm the welds applied during the repair last year continue to be sound. The final set of inspections of a third area of the reactor is nearing completion. " and
Posted by Zahra Yamani at 17:55
Wednesday, 8 June 2011
If you want to learn more about rich history of Canada’s nuclear R&D, this is a great link for you! An excellent interactive website created by Canadian Nuclear Safety Commission covering "the story of the people involved in these nuclear activities and in developing the safe use of nuclear substances. It’s also the story of many “firsts” for Canada in the world." Check out: http://nuclearsafety.gc.ca/eng/about/past/index.cfm
Posted by Zahra Yamani at 21:26
Tuesday, 7 June 2011
Advanced Education, Employment and Immigration Minister Rob Norris to address Canadian Nuclear Society annual conference
Interesting, he is "is also Minister responsible for SaskPower and Minister responsible for Innovation, will provide an overview of the recently announced Centre for Research in Nuclear Medicine and Materials Science at the University of Saskatchewan. The province is investing $30 million over seven years in the new centre, which will make Saskatchewan the focal point for nuclear research and development in Western Canada."
Posted by Zahra Yamani at 20:43
Sunday, 5 June 2011
NRU is still planned to be re-started on July 17: "AECL has finished inspecting one of the repair sites and a second site inspection is now in progress. Final results of the first inspection, and preliminary results of the second, indicate that the welds applied during the repair last year are sound and there has been no change in the thickness of the NRU vessel wall. The data also confirms that no pitting corrosion is taking place.
The inspection equipment being used to conduct the examination is custom built to be used in a reactor that is fueled and filled with heavy water. AECL is experiencing impediments in deploying some of the inspection equipment. As a result, AECL will defer some of the scope of this outage to planned outages in July and August. The NRU will return to service on June 17, 2011 as planned."
Posted by Zahra Yamani at 21:57