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Candu Energy Inc. was created in 2011 when parent company SNC-Lavalin purchased the commercial reactor division of Atomic Energy of Canada Limited (AECL), along with the development and marketing rights to CANDU reactor technology. [1] [2] Candu Energy Inc. is located in Mississauga, Ontario, Canada. Candu Energy lists its main business lines as:
AECL developed the CANDU reactor technology starting in the 1950s, and in October 2011 licensed this technology to Candu Energy. AECL describes its goal as ensuring that "Canadians and the world receive energy, environmental and economic benefits from nuclear science and technology – with confidence that nuclear safety and security are assured".
CANDU was designed for natural uranium with only 0.7% 235 U, so reprocessed uranium with 0.9% 235 U is a comparatively rich fuel. This extracts a further 30–40% energy from the uranium. The Qinshan CANDU reactor in China has used recovered uranium. [10]
Douglas Point was built and owned by Atomic Energy of Canada Limited (AECL) but operated by Ontario Hydro. It was in service from 26 September 1968 to 5 May 1984. The plant served as a teaching tool for the emerging Canadian nuclear industry, and the experience gained was applied to the later CANDU power plants.
CANDU Owners Group is a private, not-for-profit corporation funded voluntarily by CANDU operating utilities worldwide, Canadian Nuclear Laboratories (CNL) and supplier participants. It is dedicated to providing programs for cooperation, mutual assistance and exchange of information for the successful support, development, operation, maintenance ...
Land at the Darlington Provincial Park was identified as a potential site in the late 1960s, and Hydro purchased the plot in 1971 as an "energy centre". The first official plans to develop the site for nuclear were approved in 1973, apparently at the personal direction of Conservative Ontario premier Bill Davis without discussion by cabinet. [ 7 ]
In 2007, Team CANDU, a consortium of Atomic Energy of Canada Limited, Babcock & Wilcox Canada, GE-Hitachi Nuclear Energy Canada Inc., Hitachi Canada Ltd and SNC-Lavalin Nuclear Limited [6] began a $2.5 million feasibility study regarding the installation of a new 1,100 MWe Advanced CANDU Reactor at Point Lepreau, to supply power to New England ...
Lazard's report on the estimated levelized cost of energy by source (10th edition) estimated unsubsidized prices of $97–$136/MWh for nuclear, $50–$60/MWh for solar PV, $32–$62/MWh for onshore wind, and $82–$155/MWh for offshore wind. [83] However, the most important subsidies to the nuclear industry do not involve cash payments.