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Leading Canadian Firm Taking Over AECL Commercial Reactor Division

Leading Canadian Firm Taking Over AECL Commercial Reactor Division

The Greater Oshawa Chamber of Commerce (GOCC) applauds and supports the federal government’s sale of Atomic Energy of Canada Limited’s (AECL) commercial reactor division to Canada’s SNC Lavalin, as announced by Natural Resources Minister Joe Oliver. “The GOCC views the announcement as a positive development providing clarity for the future of the Canadian nuclear industry,” stated Cris Douglas, Chamber President.
Since 2009 the Ontario and Canadian Chambers of Commerce has supported the GOCC position that for Canada to continue to play a leading role in the global nuclear industry the government needed to put in place a Strategic framework that was national in scope, would benefit the Canadian nuclear manufacturing sector for domestic and export sales, and would continue to provide jobs, investment and economic strength for the Canadian economy in the coming decades. In addition, any strategic framework must also protect the Intellectual property rights.
The GOCC feels this transaction will place CANDU technology in proven, competent hands to be serviced and deployed in Canada and abroad, meeting energy needs and stimulating a supply chain located largely in Canada.

While the government has announced that the sale is set to close in October, it retains formal ownership of the CANDU technology under the deal, and will receive royalties from future projects and retain liabilities for existing projects.

“We are delighted that a leading Canadian engineering firm is taking over the leadership and management of AECL’s commercial reactor division,” says OCI President Ron Oberth. “SNC Lavalin has a long history of working closely with OCI member companies and we believe this will go a long way in helping make the ownership transition seamless and efficient. This is also great news for the more than 30,000 men and women working in OCI member companies whose valuable scientific, engineering, manufacturing and construction expertise can stay here in Canada. All of us at OCI are committed to supporting SNC Lavalin, and ensuring CANDU technology continues to deliver outstanding value, performance and safety for customers here in Canada and around the world.”

The Government of Canada will continue its role in maintaining safety, security, and environmental stewardship in all aspects of the nuclear industry. Canada’s nuclear regulator, the Canadian Nuclear Safety Commission, will continue to oversee all aspects of the nuclear industry in Canada including the operation of the Chalk River Laboratory.