30 June 2009 — Ontario said June 29 it is suspending plans to build two new nuclear reactors, citing concerns about vendor Atomic Energy Canada Limited’s viability and pricing.
The provincial government said AECL’s bid to build the two new nuclear power plants at its Darlington station, 43 miles east of Toronto, by 2018 was the only one to meet its terms and objectives.
France’s Areva and Westinghouse Electric Co., a subsidiary of Japan’s Toshiba, had also bid on the project in February.
But, in the end, none of the proposals presented “suitable” longterm energy costs for the province, Ontario Energy Minister George Smitherman said.
As well, “uncertainty regarding the company’s future prevented Ontario from continuing with the procurement at this time,” he said.
Ontario currently generates half of its electricity from 16 nuclear reactors built by AECL between 1970 and 1990.
In 2007, it announced plans to spend C$26.5 billion (US$22.9bn) to replace aging units and renew its entire fleet over the coming years.