Canada is ready to ride the nuclear renaissance wave

    AECL president outlines potential for nuclear to become one of Canada's
    major industrial sectors

    TORONTO, May 13 /CNW/ - Canada's nuclear industry, largely based in
Ontario, has the potential to become one of the largest industrial sectors in
the country, says Atomic Energy of Canada Limited's (AECL) president and CEO
Hugh MacDiarmid.
    Speaking to the Ontario Energy Network in Toronto, Mr. MacDiarmid
described the tremendous growth in demand for nuclear power around the world
and Canada's newest Generation III+ CANDU reactor that's designed to capture
part of this rapid market growth.
    "Canada's nuclear industry is poised to become the catalyst for the
creation of thousands of new jobs, and the generation of billions of dollars
in revenue," said Mr. MacDiarmid. "With more than 230 nuclear reactors on the
planning books around the world representing more than $1 trillion of
investment, winning just a fraction of the world nuclear new build market
represents enormous opportunity for AECL, its suppliers and all Canadians."
    According to MacDiarmid, Canada's manufacturing and construction
industries have a tremendous opportunity to benefit from the global nuclear
revitalization: "Canada's CANDU nuclear industry is creating much needed work
for our manufacturing sector," added MacDiarmid, "and the millions of dollars
in work we have committed to suppliers to date is just the tip of the iceberg
as it will increase dramatically with global CANDU reactor sales."
    Mr. MacDiarmid also provided an update on the status of the new ACR-1000
reactor, the newest in Canada's CANDU fleet. "AECL is ready with the right
technology and within our design engineering, R & D, licensing and
construction planning, the ACR is right where it should be - on track to meet
the market window."

    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 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 the EC6

    The Enhanced CANDU 6 (EC6) is a Generation III 740 MWe heavy
water-cooled, heavy water-moderated, natural-uranium fuelled pressure tube
reactor retaining the proven features of the CANDU 6 design while
incorporating design and safety improvements to ensure that the safety,
operation and performance of the Enhanced CANDU 6 meet modern international

    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. 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.

    French news release to follow.

For further information:

For further information: Dale Coffin, Director, Corporate
Communications, Atomic Energy of Canada Limited, (905) 403-7457

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Atomic Energy of Canada Limited

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