CANDU Owners Group President and CEO Fred Dermarkar Speaking At
CANDU Owners Group President and CEO Fred Dermarkar Speaking at the Canadian Nuclear Safety Commission hearing for the licence renewal of Canadian Nuclear Laboratories Chalk River research and test establishment Pembroke, Ontario January 25, 2018 For the record, my name is Fred Dermarkar, and I am the President and CEO of the CANDU Owners Group. Thank you, President Binder and Members of the Commission for giving the CANDU Owners Group, or COG as we are often called, the opportunity to present our thoughts on CNL’s request for a 10-year license renewal. I do not intend to repeat what I have already submitted in the letter of support, but rather to amplify its content. First, I would like to provide a brief history of COG. The origins of COG go back to 1979. That year, AECL, the developer of CANDU technology, together with Ontario Hydro, the first operator of CANDU technology, joined forces with a common vision to advance it. In 1984, Hydro Quebec and NB Power, the other Canadian utilities operating CANDU reactors, joined AECL and Ontario Hydro to establish COG. Today, all operators of CANDU reactors in seven countries worldwide, together with AECL’s successor, CNL, are members of COG. Together, they invest over $60M annually in R&D activities in six areas of research to advance the technology to strengthen safety performance, reliability and affordability to the benefit of society. To put this amount in context, it is in line with the spending of the Top 15, or so, private sector research investors in Canada. This work not only helps develop better nuclear plants, but it also fosters innovation that progresses Canada’s innovation agenda and creates an opportunity for advancement in other sectors, such as healthcare.
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