...adding, this means AECL will get the contract for the reactors themselves. Bank on it. This:
The manufacturer of the new reactors will not be selected until the end of this year. Three companies are competing for the business: Crown-owned Atomic Energy of Canada Ltd., French-based Areva SA and Westinghouse Electric Co.Is pure smokescreen. AECL will get the contract, AECL (in all likelihood) knows they will get the contract, and any cost promises they make now won't be worth the paper they're printed on.
While the first shovels will not go in the ground until 2012, already there are questions about cost overruns.
Mr. Phillips declined to say whether the government will have to revise its estimate of $26-billion for its entire nuclear project. But he said he expects all three vendors to “sharpen their pencils” and aggressively pursue the business.
By the time McGuinty needs to run for re-election in 2012, the cost estimates will have at least doubled. Bank on that, too.