Canadian nuclear company strikes deal with Japan

AP News
Posted: Dec 22, 2009 2:54 PM

Atomic Energy of Canada Limited has signed a multimillion-dollar contract with Tokyo Electric Power Company, the Canadian government-owned corporation's first contract in Japan.

The Canadian energy company announced the deal Tuesday, but did not reveal specific financial details of the agreement.

AECL said the first pump seal was installed in early November on the boiler system of a Japanese nuclear power plant that began operations earlier this month.

Atomic Energy of Canada Limited is a full-service nuclear technology company, providing services to nuclear utilities around the world.

Canada's Conservative minority government is looking at the possibility of privatizing AECL and has sought bids for the government-owned company.