CANDU: Canada's Nuclear Energy Source
Who Makes it?
In March 2006, Canada's leading private sector companies in the nuclear and power plant field, Babcock & Wilcox Canada, GE Canada, Hitachi Canada and SNC-Lavalin Nuclear joined together with Atomic Energy of Canada Limited (AECL) to create Team CANDU®. The Team has already developed a positive long-standing risk sharing relationship through the success of several new build projects along with the solid support of industry leaders.
By formalizing their relationship, Team CANDU is able to provide a business model whereby each of the partners takes on a share of project risk to deliver new CANDU power plants on a turnkey basis. This creates a powerhouse of expertise and experience to build new nuclear plants that will meet Ontario's growing electricity needs, on time and on budget.
Profiles of Team CANDU members
AECL
Atomic Energy of Canada Limited (AECL) is a full service nuclear technology company providing services to nuclear utilities around the world. Established in 1952, AECL is the designer and builder of CANDU technology including the CANDU 6, one of the world's top-performing nuclear power plants.
AECL's 4,000 employees deliver cutting-edge nuclear services, R&D support, design, and engineering, construction management, specialized technology, refurbishment, waste management and decommissioning in support of CANDU reactor products. We work in partnership with our customers to provide clean, safe, reliable and affordable energy solutions. More information on AECL and CANDU technology can be found at the AECL Web site.
Babcock & Wilcox Canada
Babcock & Wilcox Canada serves North American electric utility and industrial markets and the global nuclear utility market. Based in Cambridge, Ontario, it is a wholly-owned subsidiary of The Babcock & Wilcox Company in Barberton, Ohio, which is an operating unit of McDermott International, Inc. (NYSE:MDR). For more information, visit the company's Web site.
General Electric Canada
GE is Imagination at Work—a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. In Canada, GE has more than 10,000 employees, 19 major manufacturing plants and more than 150 sales and service locations across the country. For more information, visit the company's Web site.
Hitachi Canada Ltd.
Hitachi Canada Ltd. markets and manufactures a broad range of electronics, computer systems and products, consumer electronics and semiconductors, and provides industrial equipment and services throughout Canada. Hitachi Canada is a subsidiary of Hitachi America, Ltd. (55%) and Hitachi, Ltd., Japan (45%). It was established in 1971. For more information, visit the company's Web site.
SNC-Lavalin Nuclear Inc.
SNC-Lavalin Nuclear Inc. is a wholly owned subsidiary of SNC-Lavalin (TSX: SNC), one of the leading groups of engineering and construction companies in the world, a global leader in the ownership of infrastructure, and in operations and maintenance services. The SNC-Lavalin companies have offices across Canada and in 30 other countries around the world and are currently working in some 100 countries. For more information, visit the company's Web site.