An alliance of Atomic Energy Canada (AECL), Babcock & Wilcox, GE-Hitachi, Hitachi and SNC-Lavalin has announced that the government of New Brunswick has accepted its proposal to conduct a feasibility study for the construction of a Generation III+ Advanced CANDU Reactor (ACR-1000).
The feasibility study will be funded by the so-called Team CANDU and is designed to evaluate the potential for an ACR-1000 to be constructed at the Point Lepreau Generating Station near Saint John, New Brunswick. It will examine the business case for private sector investment; identify prospective markets for this new source of power; and indicate the potential environmental and socio-economic impacts of this project. The study is expected to cost approximately C$2.5 million (US$2 million) and take up to six months to complete.
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