Canada at the threshold of a bright nuclear future

    Billions of dollars in GDP, thousands of jobs at stake as nuclear
    industry expands

    PICKERING, ON, Oct. 28 /CNW/ - The order for a new nuclear power plant in
Ontario will put Canada's nuclear industry back into a world leading position,
injecting billions of dollars into the national economy and creating thousands
of new jobs, says Organization of CANDU Industries president Dr. Neil
    Speaking at OCI's Annual General Meeting, Dr. Alexander says Canada's
nuclear industry players must use this opportunity to form a foundation for a
new knowledge economy that will create jobs for fabricators, technicians and
trades people from Canada's beleaguered manufacturing base. "We need to retain
the intellectual property built up over the past 60 years so Canadians can
continue to build our nuclear industry and provide high-quality jobs for young
people and new opportunities for equipment designers and fabricators working
in the burgeoning world market," said Dr. Alexander.
    "With an estimated 200 or more nuclear reactors planned to be built in
the next 20 years, Canada's nuclear industry has the potential to grow its
national GDP by billions of dollars and create hundreds of thousands of person
years of employment," he said. "Some of these jobs will come directly from the
construction of an Ontario reactor and the ongoing support for its operation,
but the real prize is the export market for OCI member companies who supply
the high-precision parts and skilled services vital to a nuclear plant's
    Made up of 114 companies employing more than 30,000 people who are
already involved in nuclear projects, OCI held its AGM at the University of
Ontario Institute of Technology, home to Canada's only honours degree program
dedicated to nuclear engineering. "We need more young people to keep up with
the demand," said Dr. Alexander.
    The AGM, titled "Greening our Future, the Fuel Cycle" included
presentations from Cameco about the market for Uranium sales, AECL on the
opportunities arising from CANDU reactor's ability to use alternative fuels,
and the Nuclear Waste Management Organization on the Canadian program for the
safe management of used fuel. By following the fuel cycle from production,
through its use and finally its long-term management, the industry showed how
it is unique in its ability to close the loop and produce power without
significant emissions or the production of greenhouse gasses. Stewart Brand, a
leading environmentalist, closed the meeting with a presentation on how the
nuclear industry will contribute to keeping our future green.
    Demand for nuclear power plants has rapidly expanded as countries around
the world seek reliable and safe sources of electricity that have virtually no
effect on climate change. For communities across Ontario, this means an
infusion of new manufacturing and high tech jobs while developing a skilled
talent pool of workers needed to meet the growing demand.
    Canada has designed, built and serviced CANDU reactors at home and in
countries such as Argentina, China, Korea and Romania. OCI members have
continuously provided nuclear products and services when the other countries'
nuclear industries were idle during the 1980s and 1990s.

    About the Organization of CANDU Industries

    The Organization of CANDU Industries (OCI) represents 114 Canadian
companies supplying goods & services for CANDU reactors in domestic & export
markets. OCI companies provide engineering services & manufactured components
for the CANDU industry and although it functions separately from design
authorities & utilities, OCI members participate in design, manufacture,
construction & commissioning of CANDU plants here at home and abroad.

For further information:

For further information: Josh Turner, (416) 322-3030 ext. 232, Cell:
(647) 828-0862,

Organization Profile

Organization of Canadian Nuclear Industries (OCI)

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