Bruce Power awards $914 million in manufacturing contracts for Major Component Replacement Project
April 30, 2018 — Bruce Power has signed $914 million in advanced manufacturing contracts for its Major Component Replacement, which gets underway in 2020 and will allow the site to provide low-cost, carbon-free electricity to Ontario through 2064, the company says.
“By signing these contracts today, we have secured ‘Made in Ontario’ solutions for the components we will need to successfully complete our MCR Projects, extending the life of our site to 2064,” said Mike Rencheck, Bruce Power’s President and CEO. “Today’s announcement represents a $914 million investment in Ontario’s highly skilled workforce, which will create untold economic opportunities for the communities in which they will operate for many years to come.”
By extending the life of Bruce Power’s reactors to 2064, the company will create and sustain 22,000 jobs annually, directly and indirectly, across Ontario, while investing $4 billion a year into the province’s economy, the company says. Bruce Power says it will also produce 30% of Ontario’s electricity at 30% less than the average cost to generate residential power.
The Major Component Replacement (MCR) Project agreements include:
• $642 million to BWXT Canada Inc. for the manufacturing of 32 steam generators to be produced at BWXT’s Cambridge, Ont. facility
• $144 million to Laker Energy Products for end fittings, liners and flow elements, which will be manufactured at its Oakville, Ont. location
• $62 million to Cameco Fuel Manufacturing, in Cobourg, Ont., for calandria tubes and annulus spacers for all six MCRs
• $66 million for Nu-Tech Precision Metals, in Arnprior, Ont., for the production of zirconium alloy pressure tubes for Units 6 and 3.
Bruce Power’s Life-Extension Program, which started in January 2016 with Asset Management Program investments and includes the MCRs on Units 3-8, remains on time and on budget.
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