AECL President highlights need for nuclear energy industry to work together to deliver the promise of the nuclear renaissance

    MISSISSAUGA, ON, Sept. 11 /CNW/ - In a speech delivered to delegates at
the World Nuclear Association Annual Symposium in London, UK, Mr. Hugh
MacDiarmid, President and Chief Executive Officer of Atomic Energy of Canada
Limited (AECL) underscored the urgent need for global and systematic
cooperation in the nuclear industry in order to sustain the confidence of
global markets in the nuclear renaissance.
    Mr. MacDiarmid referred to the challenges facing the promise of the
nuclear renaissance, saying "At precisely the moment when nations are looking
to the nuclear energy industry to provide clean, reliable and safe energy, the
economic basis of the nuclear business is being called into question."
    He proposed collaboration as the only way forward for the nuclear
industry at this time. "AECL and other vendors value our competitive
advantages. While this presents a potential obstacle to collaboration, it's
one that I believe should not prevent us from joining together with utilities
and others to look for improvements that can ultimately benefit us all."
    Likening the current challenges to those faced by the nuclear industry in
the 1970s and 80s, Mr. MacDiarmid pointed to initiatives underway such as the
World Association of Nuclear Operators' Safe Nuclear Power Plant Ownership
program, the work being done by the International Atomic Energy Agency to
develop guidelines and recommendations, and, the Multinational Design
Evaluation program bringing together national regulators from around the
world, that suggest the industry is in a favourable position to overcome these
    Mr. MacDiarmid highlighted AECL's commitment to on-time, on-budget
delivery of nuclear projects and credits the company's successful CANDU
new-build track record on its investment in developing and implementing
specialized project management systems. These systems will be used to build
AECL's new ACR-1000 reactor, which earlier this week was assessed by the
Canadian Nuclear Safety Commission as having no fundamental barriers to
licensing the next generation reactor in Canada.

    To download a copy of Hugh MacDiarmid's address to the World Nuclear
Association Symposium, visit

    About Atomic Energy of Canada Ltd.

    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. 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. More
information on AECL and CANDU reactor technology can be found at

    About the ACR-1000

    The ACR-1000 is Atomic Energy of Canada's evolutionary, Gen III+(*), 1200
MWe class pressure tube 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 basic, well-proven, features of the CANDU(R) 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 and reactor building accessibility for on-power

    (*) Gen III+ is the classification given to nuclear technologies by an
international team, including Canada, that is collaborating on the research to
develop the next generation, Gen IV reactors. ACR-1000 is one of the
technologies that are considered as a Generation III+ design.

For further information:

For further information: Dale Coffin, Director, Corporate
Communications, Atomic Energy of Canada Limited, 1-866-886-2325 (AECL)

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