Bilateral Nuclear Cooperation Agreement heralds opportunities for new
PICKERING, ON, Feb. 17 /CNW/ - The Organization of CANDU Industries
(OCI) extends its welcome to the Indian delegation headed by Mr. S.F.
Vhora, Associate Director, Nuclear Power Corporation of India Limited
(NPCIL) upon their arrival in Canada to discuss mutually beneficial
business opportunities between India and Canada. Member companies of
OCI are looking forward to exploring with delegates the potential for
new business relationships in the expanding nuclear industry.
The delegation is visiting Canada as part of a continuing series of
meetings related to a Bilateral Nuclear Cooperation Agreement signed
between Canada and India in June, 2010. The Canadian and Indian
governments are both completing the respective domestic legal processes
required to effect the ratification and entry into force of the
"Member companies of OCI have an impeccable reputation for excellence
and we are very much looking forward to discussing potential business
opportunities with the visiting Indian delegates," says OCI General
Manager David Marinacci. "India has constructed 17 PHWRs on its own and
has an ambitious nuclear expansion plan. India is looking for
additional partners to its ongoing indigenous civil nuclear programme
to accelerate the growth of nuclear power in India in collaboration
with interested nuclear vendors. Canada's nuclear supply chain
industries are fully mobilized and capable of delivering to the most
exacting international standards."
The Canadian nuclear industry is a $6.6 billion a year industry,
generating more than $1.5 billion in federal and provincial revenues
through taxes, and more than 70,000 direct, indirect and spin-off jobs.
The Canadian Energy Research Institute (CERI) recently reported that
Canada's exports of nuclear related materials and services totalled
approximately $1.2 billion in 2008.
India has commenced construction of four Pressurized Heavy Water
Reactors of 700 MWe each with further six units under planning stage.
One fast Breeder Reactor (500 MWe) is under construction and several
more are planned. Many Light Water Reactors of above 1000 MWe, are
planned based on international co-operation and several of these
pre-project activities have commenced. This will create business
opportunities worth billions of dollars.
The Organization of CANDU Industries (OCI) represents more than 160
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.
SOURCE Organization of CANDU Industries
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