Ranking for 2020: 2
Industry Sector: Energy
Specific Sector: Nuclear
Range: $13 billion +
Project Value: $13,000,000,000
Government Funds Involved: Private
Funding Source: Private
Estimated End Date of Substantial Completion: 2030
In December of 2015, Bruce Power announced its plan to refurbish six of its eight nuclear reactors at its plant near Kincardine, Ont. The project, originally scheduled to commence in 2016, was postponed until 2020 based on the usable life of the reactors. The 15-year refurbishment project will include work on six of the plant’s eight CANDU reactors. The eight reactors produce 6,300 MW of power annually, approximately 30 per cent of Ontario’s current energy usage.
The Bruce Power refurbishment project will make up to 23,000 jobs possible and generate about $6.3 billion in annual economic benefits in communities throughout the province.
The new agreement between the Ontario government and Bruce Power has achieved $1.7 billion in savings for electricity customers when compared to the forecast in the 2013 Long-Term Energy Plan (2013 LTEP). This means a reduction in forecast household electricity bills by about $66 each year over the next decade according to the Ontario government.
Bruce Power is investing approximately $13 billion of its own funds to cover the costs associated with the refurbishmment, and agrees to take full risk of cost overruns on refurbishments of the six nuclear units.
Throughout 2019, Bruce Power continued to sign contracts with key component suppliers for the refurbishment project. In October, they announced that delivery of the zirconium alloy pressure tubes were set to begin, equipment that will be used for the Unit 6 Major Component Replacement Project.
Project Owner: Bruce Power
P3 Team Members/Project Team: Concert Infrastructure; Bird Construction; Stantec; Concert Realty Services; Stonebridge Financial Corp.
Engineer: Hatch (preliminary/planning study); Wood Group (design)
Contractor: AECOM; Aecon; AREVA NP (Unit 6 steam generator replacement); Black & McDonald (Unit 6 mechanical and electrical projects)
Supplier Other: Laker Energy(end fittings, liners, and flow elements); BWXT Canada Inc. (steam generators); Nu-Tech Precision Metals (zirconium alloy pressure tubes); Cameco (calandria tubes and annulus spacers)
Legal: Osler (lead counsel); Torys (acting for the lender)
Architect Names: Hatch (on MCS and decontamination building)
Other Key Players: WSP; Golder; Deloitte; AGAT Labs; Burns & McDonnell