Proposals Received
Infrastructure Ontario received proposal submissions from AREVA NP, Atomic Energy of Canada Limited and Westinghouse Electric Company for the Nuclear Procurement Project RFP.
Evaluating the Respondents
To achieve the best possible deal for Ontarians, respondents to the Nuclear Procurement Project RFP were evaluated in three key areas:
- Lifetime cost of power
- Ability to meet Ontario's timetable to bring new electricity supply
on line
- Level of investment in Ontario
Evaluation Results
Following an evaluation of the proposal submissions, it was determined that AECL had the best proposal.
- AECL is willing to accept the terms and conditions of the project
agreement
- AECL has the most risk transfer -- but at an unacceptable price
Knowledge Gained
The competitive process has provided significant market intelligence on pricing and risk tolerance at an early stage in a ten-year multi-billion dollar project.
Crucial knowledge about structuring a fair deal will help the Ontario government move forward when it is prudent to proceed to next steps.
Timelines
Phase 1
- On March 7, 2008, the Ontario Government announced a two- phase
competitive procurement process to choose a preferred nuclear reactor
vendor
- In April 2008, a series of Commercially Confidential Meetings were
held with potential vendors
- On May 9, 2008, Infrastructure Ontario announced that three vendors
had submitted Phase 1 Proposal Submissions as required by the RFP
- On June 5, 2008, Infrastructure Ontario announced that all three
vendors that had submitted Phase 1 Proposal Submissions received
'satisfactory' ratings and would be invited to proceed to Phase 2 of
the RFP
Phase 2
- On June 16, 2008, Infrastructure Ontario released Phase 2 of the
Nuclear Procurement Project RFP
- From July to December 2008, a series of bilateral confidential
meetings took place on aspects of design readiness and commercial
aspects of the project
- On February 27, 2009, Infrastructure Ontario announced that all three
respondents submitted Phase 2 Proposal submissions
- On May 28, 2009, the Government of Canada announced that it was
proceeding with a restructuring of AECL
- On June 29, 2009, the Minister of Energy and Infrastructure announced
that the Nuclear Procurement Project RFP was being suspended because
of concern about pricing and uncertainty regarding AECL's future
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