The Babcock & Wilcox Company (B&W, NYSE:BWC) announced that its subsidiary Babcock & Wilcox Canada Ltd. (B&W Canada) has entered into a long-term service agreement with Bruce Power, valued at nearly $300 million.
Under terms of the contract, B&W Canada will provide nuclear services and components for Bruce Power's commercial nuclear operations in Tiverton, Ontario. Additionally, B&W Canada will supply outage services for steam generators and preheaters at all Bruce Power units for the next six-year term. The company’s site in Tiverton, Ontario is home to eight CANDU reactors.
“We’re a proud, long-term supplier to Bruce Power, dating back to 1977 when we supplied the site’s first nuclear steam generators,” said President, B&W Canada, John MacQuarrie. “This award represents our continued commitment to supplying Bruce Power with trusted solutions that support the production of safe, clean, affordable power for Ontario.”
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