AECL receives third bid offer

Canadian entrepreneur looking to revamp struggling atomic reactor crown corp.

Comments Off on AECL receives third bid offer December 15, 2010
by Design Engineering staff

The interior of an AECL Candu 6 reactor
Source: Atomic Energy of Canada Limited

OTTAWA — The Vancouver Sun reports that a Canadian entrepreneur, Andrew Day, has made a last minute bid for Atomic Energy of Canada Limited (AECL). According to the article, the former aviation-industry executive is interested in developing the crown corporation’s “new build” business. SNC-Lavalin and Bruce Power, the two other AECL bidders, are believed to interested primarily in the engineering-services component.

According to the Sun article, a preferred bidder may be chosen in January and a deal reached as soon as the first quarter of 2011.

Entrepreneur mounts 11th-hour bid for AECL’s Candu reactor unit