Bruce Power has awarded a contract valued at approximately 40-million-dollars to BWXT Canada of Cambridge, Ontario.
The contract involves engineering and fabrication of four moderator heat exchangers which are used to remove heat from the moderator system of CANDU nucledar reactors.
President and CEO of Bruce Power, Mike Rencheck says the company continues to contribute to a “Made in Ontario” economic recovery.
He says “Over 90 per cent of Bruce Power’s supply chain is Ontario-based, which provides economic growth for the province and supports 22,000 direct and indirect jobs annually, This investment strategy will contribute to a post-pandemic economic recovery, while enabling Bruce Power to provide global leadership in the production of medical isotopes, contribute to Canada’s Net Zero 2050 goals, and provide clean, reliable electricity to families and businesses across Ontario.”
This contract aligns with the company’s plan to contribute to a revitalized economy in Ontario. The plan, which was announced last month, includes a private investment of $3 billion over 18 months through the company’s Life-Extension Program, isotope development, and asset optimization strategy.
The contract with BWXT to supply heat exchangers is part of Bruce Power’s long-term investment in its site and supports a significant number of high-skilled jobs for Ontarians.
Engineering work associated with the contract has begun with fabrication expected to start later this year.
The first two moderator heat exchangers will be delivered in 2024 with the remaining two units scheduled for delivery in 2025.
