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The deal will build on the partnership between Candu Energy Inc. and GE Hitachi Nuclear Energy Canada, allowing further development of plutonium and uranium stockpiles in CANDU heavy water reactors, according to a statement.
The biggest winner in the deal is, apparently, Canada, based on the opportunities it will provide for Canadian companies. Britain is dealing with an aging nuclear power plant fleet that currently supplies the country with 18 percent of its electricity. However, all but one of the country’s nuclear power plants are expected to close by 2023.
Britain, meanwhile, has signaled that it expects to build 12 nuclear reactors by 2030 – at least enough to generate 16,000MW.