Business General 

BWXT Nuclear Energy Canada Awarded CA$34 Million Contract

BWX Technologies, Inc. (NYSE: BWXT) announced today that its subsidiary BWXT Nuclear Energy Canada Inc. (BWXT NEC) has been awarded a CA$34 million, five year contract to supply seven primary heat transport motors for Bruce Power. The motors are part of Bruce Power’s life-extension program that will extend the life of six of its reactors to continue providing Ontario with clean, low-cost and reliable electricity for decades to come.

“Nuclear energy plays a significant role to Ontario’s economy and it is great to see the positive effects of Bruce Power’s life extension project being felt right here in Peterborough,” said Jeff Leal, Member of Provincial Parliament. “Throughout its program to extend the life of six of its reactors, Bruce Power will inject billions into Ontario’s economy and generate thousands of jobs.”

The primary heat transport motors are required to drive the main circulating pumps used to push heavy water through the reactor core into the steam generators. The scope of the contract includes the project management, engineering and manufacturing of seven 11,000 horsepower motors. Work under this contract will commence immediately with the first motor scheduled to be delivered to Bruce Power in mid-2018.

“We appreciate the opportunity to execute this important project for Bruce Power and take great pride in our contributions to its life extension program,” said John MacQuarrie, president of BWXT Canada Ltd. and BWXT NEC. “BWXT is pleased to be in a position to supply its customers with a multitude of product and service solutions to assist them in extending the lives of their nuclear plants.”

“Partnering with BWXT for this important motor work is critical to ensuring the life extension and operation through 2064,” said Mike Rencheck, Bruce Power’s president and CEO. “Planning and preparation is key to our continued on-time and on-budget performance since January 2016 when our life extension program was started. Suppliers like BWXT and their performance are critical to our success; it’s a team effort.”

“Nuclear energy plays a significant role to Ontario’s economy and it is great to see the positive effects of Bruce Power’s life extension project being felt right here in Peterborough,” said Jeff Leal, Member of Provincial Parliament. “Throughout its program to extend the life of six of its reactors, Bruce Power will inject billions into Ontario’s economy and generate thousands of jobs.”

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.

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