Energy Net
Ontario, Canada's economic hub, announced Monday the suspension of its plan to build two new nuclear reactors, citing concerns about vendor Atomic Energy Canada Limited's viability, and pricing.
The provincial government said AECL's bid to build the two new nuclear power plants at its Darlington station, 43 miles (70 kilometers) east of Toronto, by 2018 was the only one to meet its terms and objectives.
The project was to be the first step in the modernization of Ontario's aging nuclear fleet.
France's Areva and Westinghouse Electric Company, a subsidiary of Japan's Toshiba, had also bid on the project in February.
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