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Candu Energy-Aecon JV signs $1.7B contract for Pickering Unit 5 refurbishment
The three-year project includes engineering, design and project management work to help extend Unit 5’s operating life into the 2060s, the companies said.
- On Monday, Candu Energy Inc. and Aecon Group Inc. signed a $1.7 billion contract with Ontario Power Generation to refurbish Unit 5 of the Pickering Nuclear Generating Station.
- This agreement is part of a larger $3 billion Pickering refurbishment initiative, which also includes a separate $1.3 billion contract awarded to an Aecon and Siemens Energy consortium for turbine generator replacement.
- Retube, feeder, and boiler replacement work on Unit 5 will precede similar efforts for Units 6, 7, and 8, extending the station's operating life into the 2060s.
- Supporting over 90,000 jobs, the 85% Canadian CANDU supply chain reinforces energy security through natural uranium technology, reducing reliance on foreign enrichment services.
- Aecon Senior Vice President Aaron Johnson noted the company is applying "lessons learned" from the Darlington Refurbishment project. Major project execution is expected to begin in January 2027, pending regulatory approval.
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25 Articles
The Toronto Star+8 Reposted by 8 other sources
Candu Energy-Aecon JV signs $1.7B contract for Pickering Unit 5 refurbishment
A joint venture including Candu Energy Inc. and Aecon Group Inc. have a signed a $1.7-billion contract with Ontario Power Generation for refurbishment work at the Pickering Nuclear Generating Station.
·Toronto, Canada
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Cambridge Times+7 Reposted by 7 other sources
Aecon teams awarded contracts with aggregate value of $3 billion for the Pickering Nuclear Generating Station Refurbishment
TORONTO, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today that its joint venture with AtkinsRéalis and consortium with Siemens Energy have been awarded contracts by Ontario Power Generation (“OPG”) for the Pickering Nuclear Generating…
·Cambridge, Canada
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Total News Sources25
Leaning Left12Leaning Right2Center5Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 26%
11%
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