Bruce Power and Candu Energy Inc., an AtkinsRéalis company, have signed a renewed Master Services Agreement (MSA) that will see up to $1-billion invested over the next decade, reinforcing their long-standing partnership and delivering significant economic and employment benefits across Ontario and the country.
Originally established in 2015, the MSA (which had been set to expire at the end of this year), has been instrumental in supporting Bruce Power’s Major Component Replacement (MCR) program and outage activities. The renewed agreement, extended through 2035, reflects a shared commitment to innovation, efficiency, and collaboration focused on the eight units at the Bruce Power site and their key role in Ontario’s Integrated Energy Plan.
“This agreement strengthens our operational and projects capabilities but also supports thousands of high-skilled jobs and drives economic growth in Ontario and across Canada,” said Eric Chassard, Bruce Power President and Chief Executive Officer. “We continue to build on our strong track record of performance at Bruce Power in both operations and projects and will not lose sight of these building blocks that have made us successful.”
Bruce Power’s multi-year Life Extension Project is one of the largest electricity infrastructure Projects in Canada and represents the largest private-sector investment in Canada’s nuclear industry and generation infrastructure.
“This is a homegrown partnership that aligns closely with Bruce Power’s Canadian at our Core strategy that secures good jobs, strengthens the economy and builds on Ontario’s position as a world leader in the production of clean energy and cancer-fighting medical isotopes,” said James Scongack, Bruce Power Chief Operating Officer and Executive Vice-President. “These types of long-term frameworks recognize that our nuclear industry is successful when we plan for the long-term with rigor and certainty leading to high levels of safety, quality, schedule and cost performance.”
Candu Energy is a strategic vendor partner for Bruce Power as the company continues to focus on the safe, high-quality execution of its historic investment program on-time and on-budget.
“We’re proud to deepen our collaboration with Bruce Power. This Master Services Agreement is a testament to our long-standing successful partnership,” said Sandy Taylor, President and Chief Executive Officer of Candu Energy. “Together, we’re advancing nuclear innovation and creating lasting economic opportunities that benefit communities across the province.”
Some of the key aspects of the of the agreement include:
- $1-billion potential spend in Canada over the next decade, driving support for Canadian suppliers, strengthening the local workforce and delivering efficiency gains.
- Enhanced competitiveness by opening opportunities for a broader supplier base.
- Support for Canadian innovation, with continued investment in nuclear expertise and infrastructure.
- Continued commitment to support community focused initiatives in the Clean Energy Frontier Region and the Saugeen Ojibway Nation Traditional Territory which the Bruce Power site operates on.
The agreement also introduces updated governance, cybersecurity compliance, and communications protocols, ensuring alignment with industry best practices and future-ready operations.
Candu Energy is the original equipment manufacturer of Canadian-designed CANDU technology, whose intellectual property is owned by the Government of Canada. The eight CANDU reactors at Bruce Power make it one of the world’s largest operating nuclear facilities.
About Bruce Power
Bruce Power is an electricity company based in Bruce County, Saugeen Ojibway Nation Territory, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable nuclear power to families and businesses across the province and cancer-fighting medical isotopes around the world. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Formed in 2001, Bruce Power is a Canadian-owned partnership of TC Energy, OMERS, the Power Workers’ Union and The Society of United Professionals. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram, and YouTube.
