Reactor-maker backs Alberta project

COMMENT: The "mystery buyer" for this project's power has failed to materialize. But, but, less than two weeks, Energy Alberta Corp's CEO stated it had an agreement that is "as solid as it gets." Gotta love the promises.

See Firm to build $6.2B nuclear plant in Alberta and our comments about Mary Poppins Umbrella:
http://www.sqwalk.com/blog2007/001099.html

Calgary Herald
September 13, 2007

The maker of Canada's Candu nuclear power plants remains committed to a partnership with proponents of a plant in Alberta despite the absence of a buyer for most of the electricity, an official at Atomic Energy of Canada Ltd. said Wednesday.

Energy Alberta Corp., a private firm promoting a $6.2-billion nuclear plant in northern Alberta, said this week that contrary to a previous assertion, it has no agreement with an "offtaker" that would buy 70 per cent of the plant's output.

Government-owned AECL would build the plant in the province's northwest and Energy Alberta would own and operate it.

"It's great. They're moving ahead in the process and (the partnership) is very much together," AECL spokesman Dale Coffin said.

"We knew all along that Energy Alberta has been in discussions with many potential offtakers, but they do not at this point have any firm commitment," he said.

© The Calgary Herald 2007