TORONTO, Nov. 4 /CNW/ - Infrastructure Ontario will ask respondents to
submit final bid proposals for the Nuclear Procurement Project in early 2009.
This short extension from a Dec. 31 deadline is being driven in part by
continued volatility in global markets. It will allow respondents more time to
assess appropriate risk sharing and pricing terms - and issues raised from
requests for additional information - to ensure the provision of quality bids
It is expected that the preferred vendor will be announced this spring
but timing will remain somewhat flexible to ensure the best deal for Ontario
The project is using an innovative approach by selecting a nuclear vendor
based on pre-established commercial terms, including lifetime cost of power,
ability to deliver on schedule and level of investment in Ontario. This
approach requires extensive discussion with vendors to ensure that bids are
well informed and in the best interests of Ontarians.
The Ontario Government announced a two-phase competitive procurement
process to choose a preferred nuclear vendor last March. A commercial team,
led by Infrastructure Ontario, is managing the procurement process. Team
members also include representatives from Bruce Power, Ontario Power
Generation, Ministry of Energy and Infrastructure and Ministry of Finance. A
preferred vendor will be chosen based on the evaluation outcome and
procurement process. A fairness monitor continues to ensure all respondents
are treated fairly throughout the RFP process.
learn more about the competitive procurement process.
Disponible en français
For further information:
For further information: Lorne Burger, Infrastructure Ontario, (416)