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Published on Tuesday, April 24, 2018

Oakville nuclear manufacturer gets $144 million contract from Bruce Power

Project seeks to extend life of Bruce Nuclear Generating Station to 2064

Oakville nuclear manufacturer gets $144 million contract from Bruce Power
Town of Oakville photo
Press conference at Laker Energy Products where the local company announced it has received a $144 million contract from Bruce Power
Oakville Beaver

Oakville’s Laker Energy Products has received a $144 million contract from Bruce Power for its Major Component Replacement (MCR) project.

The local nuclear manufacturer made the announcement Monday, April 23 from its 835 Fourth Line facility before an audience of around 100 employees.

Laker Energy Products will provide end fittings, liners and flow elements for Bruce Power’s MCR project.

The project is scheduled to begin in 2020.

“We have an incredibly skilled workforce, which looks forward to the challenge of manufacturing the high-quality parts that will allow the Bruce Power reactors to produce low-cost energy until 2064."

Chris Hughes, Laker Energy president and CEO
“We have an incredibly skilled workforce, which looks forward to the challenge of manufacturing the high-quality parts that will allow the Bruce Power reactors to produce low-cost energy until 2064,” said Chris Hughes, Laker Energy president and CEO.

“Nuclear electricity is the backbone of Ontario’s energy supply, and through this agreement, Laker Energy Products will continue to play an important role in providing this important resource.”

Mike Rencheck, Bruce Power’s president and CEO, said this agreement is significant for Bruce Power, the people of Laker Energy and for the Oakville area because the components will be manufactured locally.

“Today’s announcement provides more job stability for the people of Laker, which will result in increased investment in Oakville’s economy for many years,” said Rencheck.

“Bruce Power’s Life-Extension Program is creating and sustaining 22,000 highly skilled jobs across Ontario annually, including here in Oakville, while also investing $4 billion annually into the province’s economy.”

The $144 million contract is expected to generate a number of spinoff jobs in Oakville.

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The Laker Energy contract was only part of $914 million in advanced manufacturing contracts Bruce Power awarded for its MCR project April 23.

The project is intended to extend the life of the Bruce Nuclear Generating Station, which is owned by Ontario Power Generation, to 2064.

“I am so thrilled to see Laker Energy Products creating high-tech jobs in Oakville thanks to the innovation of the company and the investments being made by our government,” said Oakville MPP Kevin Flynn.

“Clean air, sustainable energy and the creation of good, high-paying jobs is at the core of our long-term energy plan, and the success of Laker Energy is a great example of this.”

Oakville Mayor Rob Burton also weighed in on the Laker Energy contract.

“This agreement clearly recognizes the excellent, high-quality precision work done by your employees,” he said.

“This partnership will protect the jobs of your highly skilled employees and support the growth of our local economy.”

Burlington MPP Eleanor McMahon congratulated Laker Energy Products and Bruce Power for working together to ensure a clean, affordable and reliable supply of electricity for the people of Ontario, for many years to come.

“I’m excited and very proud to see Laker Energy continue to grow and play a valuable role in Ontario’s nuclear supply chain,” she said.

“Bruce Power’s MCR project ensures generations of Ontarians will have clean energy they can count on, while supporting hundreds of Ontario businesses and creating, as well as keeping good jobs in communities like ours.”

Bruce Power supplies 30 per cent of Ontario’s electricity.
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Author: Mayor Rob Burton

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