– Edited By Tom Lamar –
According to news reports, plans to sell Atomic Energy of Canada Ltd. (ACEL) have hit a snag. Bruce Power has pulled out of talks to buy AECL’s troubled Candu reactor business. The reports stated that Bruce Power’s CEO told staff Friday that the company has dropped out of the bidding process.
Bruce has informed Ottawa it will not pursue its bid for the country’s flagship nuclear company, more than a year after the official bidding kicked off.
None of the larger reactor design companies have submitted a bid to purchase ACEL.
AECL has yet to complete the design and nuclear safety certification of their Advanced Candu Reactor (ACR) 1000, and sources say SNC has made it clear it will only go forward with the project with government backing.
AECL is also looking to sell its updated version of its smaller reactor design, the Candu 6.