MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Energy
Written by / Agency / Source: Hydro-Québec / IREQ
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Hydro-Québec Confirms Gentilly-2 Closure At the End of 2012 - Gentilly-2 generating station, which has been operating safely and reliably since 1983, will stop producing electricity on December 28, 2012 - HydroQuebec.ca
Hydro-Québec Confirms Gentilly-2 Closure At the End of 2012

 

NewswireToday - /newswire/ - Montréal, Québec, Canada, 2012/10/03 - Gentilly-2 generating station, which has been operating safely and reliably since 1983, will stop producing electricity on December 28, 2012 - HydroQuebec.ca.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

In confirming the facility’s closure, Hydro-Québec’s President and Chief Executive Officer, Thierry Vandal, highlighted the expertise and great professionalism of its staff, stating that “the uncertainty surrounding the refurbishment project in the past few years has never compromised Gentilly-2’s safe, efficient operation. I would like to thank all employees, and I know that I can count on them throughout the upcoming phases leading to the facility’s decommissioning.”

Hydro-Québec assures its employees and their union representatives that the next stages will be carried out with the expert help of several staff members and in compliance with existing collective agreements.

In accordance with its licensing conditions, Gentilly-2 will remain in operation until the end of 2012, following which Hydro-Québec will prepare the facility for dormancy with a view to its dismantling several decades from now. These preparations will extend over an 18-month period ending in mid-2014. Among other things, they will involve defueling the reactor, treating the heavy water and deactivating several systems.

Once this is done, the generating station will remain dormant for some 40 years, after which the spent fuel will be removed from the site, the facility dismantled and the site restored. These steps will last until 2062 and will be executed safely, in compliance with existing regulations.

Hydro-Québec will also participate in information sessions as part of the decommissioning process, which will be supervised by the Canadian Nuclear Safety Commission (CNSC).

The decommissioning of Gentilly-2 will cost $1.8 billion over a period exceeding 50 years.

Hydro-Québec is releasing its report on the Gentilly-2 refurbishment project. Based on a detailed analysis, it has concluded that the project is no longer justified from a financial standpoint.

Several factors have had an impact on the project’s business case. Major problems incurred in similar projects at Point Lepreau (New Brunswick) and Wolsong (South Korea), along with the uncertainty surrounding the sale of Atomic Energy of Canada Limited (AECL), led Hydro-Québec to postpone the start of work several times. Today, in light of the feedback it has obtained on the complete refurbishment cycle, the company has reassessed the cost of the project to $4.3 billion. This corresponds to a unit cost of 12.3¢ per kilowatthour, taking into account the investment required as well as $2 billion in future costs related to the spent fuel and long-term decommissioning of the generating station.

The increase in project costs, combined with falling market prices, has prompted Hydro-Québec to recommend to the Québec government that the generating station be closed.

Hydro-Québec’s report on Gentilly-2 is available at hydroquebec.com/media.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Hydro-Québec / IREQ

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Hydro-Québec Confirms Gentilly-2 Closure At the End of 2012

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Marie-Élaine Deveault - HydroQuebec.ca 
514-289-4307 deveault.marie-elaine[.]hydro.qc.ca
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Hydro-Québec / IREQ securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Hydro-Québec / IREQ / Company Profile


Read Energy Most Recent Related Newswires:

ABB Completes Commissioning of the World’s Most Powerful Conveyor System
ABB Provides Charging Solutions for Dongfeng Honda’s EV Models
ABB’s Cloud-based Solution is Smart Choice for Green Buildings Pursuing LEED Certification
Vestas and Hempel Enter into Strategic Partnership Agreement
BASF New Business and G-Philos Sign MoU for Cooperation in Power-to-Gas (P2G) Business
ABB and Hydrogen Optimized to Explore Development of Large-scale Green Hydrogen Production Systems
ABB Strengthens Presence in Switzerland
ABB Supplies Electrical Package and Drives Automation to New Grupo Gondi Mill in Monterrey, Mexico
.40 Trillion to be Invested Globally in Renewable Energy by 2030 Finds Frost & Sullivan
Voith Launches A Project for Intelligent Hydropower in Australia
Smurfit Kappa to Participate in Worlds First Project on Hydrogen Energy Storage
ABB Launches Terra 184 Chargers to Support Modernization of Japan’s EV Charging Infrastructure
Smurfit Kappa Launches Innovative Solar Energy Initiative in Colombia
ABB to Supply Charging Technology to Gen 3 Cars Racing in ABB FIA Formula E World Championship
Ameresco Acclaimed by Frost & Sullivan for Leading the Distributed Energy Resources Market with its Customer-centric Technologies

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)