Welcome to AtomWatch - world nuclear power news and analysis

This blog is aimed at tracing the world news related to nuclear power development internationally and in particular countries. Being an independent resource, we accept all kinds of opinions, positions and comments, and welcome you to discuss the posts and tell us what you think.

Wednesday, August 13, 2008

Canada May Abandon Nuclear Agency If It Loses Bid, Globe Says

The Canadian government is preparing to end support for Atomic Energy of Canada Ltd. if it loses a bid to build two nuclear reactors in Ontario, the Globe and Mail reported, citing unidentified people.

If the government-owned nuclear power developer loses the multibillion-dollar contract to either Areva SA of France or U.S.-based Westinghouse Electric Co., the federal government will blame the province of Ontario for the demise of the nuclear agency, the newspaper said today.

The result of the competition for the Ontario contract will be a critical factor in the federal government's decision on whether to sell the company or provide it with more funds to be globally competitive, the Globe said.

(Source: Bloomberg)

1 comment:

Anonymous said...

Canada is having trouble running state owned corporations in this day and age. I'm amazed at other nations like China who are able to have successful globally competitive state owned corps.