BWXT Awarded CA$48 Million Amendment to Steam Generator Purchase Agreement from Bruce Power

BWX Technologies announced that its subsidiary BWXT Canada Ltd. (BWXT Canada) has been awarded a CA$48 million amendment to its existing steam generator purchase agreement from Bruce Power. The amendment reflects the addition of steam drums to Bruce Power’s steam generator agreement with BWXT Canada previously announced July 2016.

The steam drums and associated steam separation internals will be designed and fabricated in BWXT’s Cambridge, Ontario facility as part of eight steam generators that will be supplied to Bruce Power’s Bruce B Unit 6 reactor. The supply of steam generators is part of Bruce Power’s Life-Extension Program that will extend the life of six of its reactors.

“BWXT values its contributions to Bruce Power’s Life Extension Program, which is critical to ensuring the supply of low-cost, clean and reliable energy for Ontario,” said John MacQuarrie, President of BWXT Canada. “As a major supplier of nuclear products and services, BWXT is committed to ensuring its customers are successful in completing their projects on-time and on-budget.”

BWXT has been a proud supplier of products and services to the Bruce Nuclear Generating Station since it went online in 1977. In December 2015, Bruce Power and the Independent Electricity System Operator (IESO) announced an amended long-term agreement that will see Units 3 through 8 refurbished over the next two decades to extend the life of the site to 2064 and secure 6,400 megawatts to fulfill commitments to Ontario’s Long-Term Energy Plan (LTEP).

“The addition of steam drums integrally manufactured with the steam generators will add to the efficiency of our Steam Generator Replacements that are part of our life extension outage in Unit 6 in 2020 and will be crucial in helping us to safely and reliably operate the site through to 2064,” said Mike Rencheck, Bruce Power’s president and CEO. “Partnerships such as this one with BWXT will help us to continue to deliver innovations that keep our life extension project on time and on budget, benefitting the people of Ontario.”

This agreement also supports BWXT as a major employer providing highly skilled jobs within the Kitchener-Waterloo-Cambridge region.

Executives from Bruce Power and BWXT, along with the Member of Provincial Parliament for Cambridge, Ontario and Minister of Natural Resources and Forestry, Kathryn McGarry, will tour the Bruce Power site tomorrow.

“The ongoing collaboration between BWXT and Bruce Power is creating safe, clean and low-cost electricity for the people of Ontario,” McGarry said. “This partnership is an example of how we can continue to make Ontario a hub for advanced manufacturing – providing stable jobs and economic benefits in communities like Cambridge, and right across this great province of ours.”

Bruce Power supplies 30% of Ontario’s electricity at 30% less than the average cost to generate residential power. Extending the operational life of the Bruce Power units to 2064 will create and sustain 22,000 direct and indirect jobs every year, create $4 billion in annual Ontario economic benefit, and will ensure low-cost, clean and reliable energy for Ontario families and businesses.