Bruce Power and Candu Energy Inc. have signed a renewed Master Services Agreement that will see up to $1 billion in investment over the next decade.
The new agreement will include investment to support Canadian suppliers, enhancing competitiveness by giving opportunities to a wider supplier base, and supporting continued investment in nuclear expertise while also focusing on clean energy.
Candu Energy is a long-standing vendor partner for Bruce Power, and is the original equipment manufacturer Bruce Power’s eight CANDU reactors, which make the company one of the world’s largest operating nuclear facilities.
The original agreement was signed in 2015, and has been a key support for Bruce Power’s Major Component Replacement program.
Bruce Power’s multi-year project to extend the life of its MCRs is one of the largest electricity infrastructure projects in Canada.
The company says that it also represents the largest private-sector investment in Canada’s nuclear industry and generation infrastructure.
In a media release, Sandy Taylor, the President and Chief Executive Officer of Candu Energy Inc. says that the renewed agreement is a testament to their long-standing successful partnership, and that they’re creating lasting economic opportunities.
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