Wednesday, June 29, 2011

AECL sold for a buck, no chance for new reactors


SNC-Lavalin will focus on servicing the 34 CANDU reactors in seven countries, said Yuri Lynk, an analyst at Canccord Genuity in Montreal.
“The main gist behind buying it is to get guaranteed access to the refurbishment work,” Lynk said in a telephone interview. “They’re still working on the design for third- generation reactors while their competitors are well on their way to completing similar if not bigger reactors in China and they’ve even broken ground in Georgia.”

I think this about tells the story.  SNC will do their usual job of milking the existing candu's, and no chance for new reactors since they are blown out of the water.

What will Ontario do?

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