AECL comments on Ontario's decision to suspend nuclear procurement process

    TORONTO, June 29 /CNW/ - In response to an announcement made earlier
today by the Government of Ontario to suspend the nuclear procurement process
Atomic Energy of Canada Limited (AECL) issued the following statement.
    Atomic Energy of Canada Limited (AECL) is pleased that the Government of
Ontario has determined that AECL's bid proposal was more responsive to the bid
guidelines and to the needs of the customer than our competition.
    AECL's President and CEO Hugh MacDiarmid said, "We are very pleased that
our bid proposal was determined to be the best among the group of world-class
vendors who participated in the process. This is a true testament to the
strength, hard work and dedication of our employees and suppliers in
developing the new ACR-1000 CANDU nuclear reactor design."
    In announcing the restructuring of AECL on May 28th, the Government of
Canada expressed its support for AECL, and the Canadian nuclear industry, as
they pursue opportunities in domestic and international markets in this time
of global nuclear expansion.
    MacDiarmid added, "We look forward to the next phase of the process
beginning at the earliest possible time, and we will work diligently to
negotiate a contract that supports Ontario's clean air electricity needs on a
competitive basis. Building CANDU in Ontario will keep thousands of engineers
and scientists in Ontario, give our skilled trades people a future, support
and grow one of our most innovative, research-based energy industries and
deliver the best jobs and socio-economic benefits to the province."

    About the ACR-1000

    The ACR-1000 is AECL's evolutionary, Gen III+, 1200 MWe-class pressure
tube CANDU(R) reactor. It is a light water cooled, heavy water moderated
pressure tube reactor derived from the well-established CANDU line. The
ACR-1000 retains the well-proven features of the CANDU plant design such as a
modular, horizontal fuel channel core, a low-temperature heavy water
moderator, water-filled vault, two independent diverse shutdown systems,
on-power fuelling, simple fuel design and reactor building accessibility for
on-power maintenance.

    About AECL

    Atomic Energy of Canada Limited is a full-service nuclear technology
company providing services to nuclear utilities around the world. Established
in 1952, AECL is the designer and builder of CANDU technology, including the
CANDU 6, one of the world's top performing reactors and the new ACR-1000.
AECL's 5,000 employees deliver cutting edge nuclear services, R&D support,
design and engineering, construction management, specialized technology,
refurbishment, waste management and decommissioning in support of CANDU
reactor products.

For further information:

For further information: Dale Coffin, Director, Corporate
Communications, AECL, 1-866-886-2325

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