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Canada to sell equity stake in nuclear reactor
Published in Saudi Press Agency on 28 - 05 - 2009


Canada is seeking an international partner
for Atomic Energy of Canada Ltd's nuclear reactor business
and private management of a government-owned reactor that
produces much of the world's radioactive isotopes used to
diagnose cancer patients, according to AP.
Natural Resources Minister Lisa Raitt Today said the
sale of the government's ownership stake will strengthen
AECL and help boost global sales of its Candu reactors. The
government is hoping to make the Candu reactors competitive
with bids from France and the United States.
«We have a great sense of pride in our nuclear
technology,» Raitt told a press conference. «We think we
can compete on a global scale, but we need help in getting
out into the international community.»
AECL's two main competitors for the reactor deal are
France's Areva Group and the U.S.-based Westinghouse
Electric Co.
«In the global marketplace, we've being seeing
partnerships in the nuclear field. Areva has expressed an
interest in our reactors. However, during my time, I've
also had several Canadian companies express their
interest,» said Rait.
Raitt said AECL will be divided into two companies, the
Candu reactor business and the National Research Unit at
Chalk River, Ontario.
The unit at Chalk River produces up to 40-60 percent of
the global supply of medical isotopes used to detect cancer
and heart ailments.
The reactor was shut down earlier this month because of
leaking radioactive material, sparking a shortage of
isotopes.
It was the second time the problem-plagued Chalk River
reactor was closed in less than two years.


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