Bruce Power is using a Cambridge company to make heat exchangers, part of a ‘Made in Ontario’ economic recovery plan.
The contract is worth about $40 million and was awarded to BWXT Canada Ltd.
The four moderator heat exchangers will be used to remove heat from the moderator system of CANDU® nuclear reactors.
According to the company, the contract aligns with a 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.
“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,” said Mike Rencheck, President and CEO of Bruce Power. “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.”
Engineering work associated with the contract has commenced, with fabrication expected to start later this year.
“The investments made by Bruce Power will secure high-skilled, well-paid jobs across the supply chain in Ontario,” said Todd Smith, Minister of Energy (Ontario). “It also represents a significant investment into our province’s clean energy future, as well as access to life-saving medical isotopes, all of which will benefit people and their health and well-being.”
The first two moderator heat exchangers will be delivered in 2024, with the remaining two units scheduled for delivery in 2025.
