Ontario investment in nuclear power opens door for area firms
Hamilton, Ontario -
Saturday, April 05, 2008
News article in the Hamilton Spectator
About a year ago, Carlo DiPietro's company Elettra Technology Inc. was faced with a fairly big problem. Bruce Power officials asked the company if it was interested in a job inspecting, refurbishing and reassembling one of its giant pump motors. Put together, it weighs about 100,000 pounds and is about 12- by 8-feet large.
But Elettra had nowhere to work on the thing. So it rented out space in the old Westinghouse plant on Burlington Street and moved it down to the city on flatbed trucks in pieces. It was an ironic twist, given the company's roots lay in Westinghouse's demise. So it is that the province's plans to invest in nuclear have pumped energy into the hopes of the Golden Horseshoe's nuclear energy researchers, business owners and economy. Ontario plans to spend up to $40 billion building two nuclear reactors and refurbishing up to half a dozen others during the next two decades. That's just under half of the value of the province's auto parts, assembly and export industries combined. Click here for more
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