Posted Feb 8, 2008, 8:10 PM
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Unregistered Loser
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Join Date: Jul 2007
Location: NB
Posts: 1,411
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Looks like taxpayers don't necessarily HAVE to foot the bill...
Quote:
Team Candu ready and willing to tackle second reactor
Rob Linke
TELEGRAPH-JOURNAL
Published Friday February 8th, 2008
Appeared on page A1
OTTAWA - The partners proposing to build a second nuclear reactor at Point Lepreau are willing to proceed without any funding from the provincial government.
Representatives of Team Candu told Energy Minister Jack Keir Wednesday they're prepared to pursue a site application and a license as soon as the province gives them the go-ahead.
"They're prepared to move forward without any New Brunswick government involvement, other than NB Power as the operator," Keir said Thursday.
The province's decision to proceed or not is likely some months away, said Keir. It will only come after consultants have analyzed Team Candu's feasibility study for the government.
"We believe the project in its entirety is feasible and yes, I can confirm the project does not require any money or backing from the provincial government," said Joe Howieson, regional vice-president and Team Candu program director.
The province may still choose to finance part of the project.
Approving a design, applying for a site and acquiring the necessary environmental approvals would be a three-year process costing an estimated $30- to $50-million, said Keir.
Team Candu's willingness to assume all the financial risk of construction and possible cost overruns removes a crucial uncertainty about what level of financial risk New Brunswickers would be exposed to from the megaproject, which will cost billions of dollars and take several years to build.
Keir was in Ottawa Thursday, where he asked Natural Resources Minister Gary Lunn to clarify the future of Atomic Energy of Canada Ltd.
AECL has built all the reactors in Canada, including the existing reactor at Lepreau, which the federal Crown corporation has begun to refurbish.
AECL and the private companies SNC Lavalin, GE Canada, B&W and Hitachi Canada form Team Candu.
Keir said he impressed upon Lunn the need for the federal government to invest heavily in making AECL, which Keir called under-funded, into a global competitor in the race to sell the next generation of nuclear plants, or privatize it and let investors do the same thing.
"Before the government of New Brunswick is willing to take the next step, we want to know the federal government is at some point going to move in one of those two directions," said Keir.
The provincial government needs that kind of signal to have confidence the future appears bright for global sales of AECL's never-built ACR-1000 design, which is proposed for Point Lepreau.
Without global sales, New Brunswick's ambition of creating what it calls a nuclear centre of excellence would not be realized.
"This project only works for New Brunswick if AECL is going to become a world-class player," he said.
"If they don't, New Brunswick could be walking into a one-of-a-kind.
"Nobody wants to buy a nuclear reactor that's a one-of."
Keir conceded he's been asked several times if he has raised public and business-sector expectations about economic spinoffs so high that it would be politically impossible to back out of building the reactor.
But he insisted the government would base its decision to OK the project on the business case for the electricity alone.
"If the business case works, we'll look at it very closely," he said. "I've said all along, if we don't feel comfortable with that business case, we're "¦.walking "¦..away," pausing between words for emphasis.
While in Ottawa, Keir also met with Michael Binder, who replaced Linda Keen last month as president of the Canadian Nuclear Safety Commission.
Keir said he wanted to gauge the commission's readiness for the licensing and approval process should Lepreau II go ahead.
"He gave us a wonderful message - that the CNSC is not there to be an obstacle, but he also made clear he has a mandate to protect safety, and nobody takes issue with that," said Keir.
The minister also met with senior officials in international trade about potential investments in the energy sector in the province.
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