facebook
twitter
search
search

Ontario nuclear power plant on hold

June 29, 2009 at 2:14 PM

TORONTO, June 29 (UPI) -- Construction of the first nuclear power plant in Ontario, Canada, in years is on hold because of concerns about costs, a provincial official said Monday.

Besides potential overruns, government officials are leery of what the future holds for one of the bidders, Atomic Energy of Canada Ltd., the Toronto Globe and Mail reported.

Energy and Infrastructure Minister George Smitherman said bids submitted for the project did not come in at "suitable" levels that would allow the province to proceed.

Smitherman said putting the project on hold does not mean the province is abandoning its commitment to nuclear energy.

"Emission-free nuclear power remains a crucial aspect of Ontario's supply mix," Smitherman said.

Ontario Premier Dalton McGuinty's administration had been planning to spend $26 billion expanding and refurbishing the province's nuclear reactors to meet power demands expected in the next 20 years.

Besides Atomic Energy of Canada, France's Areva SA and Westinghouse Electric Co. also had been in the mix.

Smitherman said the Canadian energy company's bid met the terms and objectives set out by the government.

"However, concern about pricing and uncertainty regarding the company's future prevented Ontario from continuing with the procurement at this time," he said.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting