Wednesday 5 September 2012

Arbitrator's decision expected next week in nordion dispute with aecl

Arbitrator's decision expected next week in nordion dispute with aecl: http://www.pembroketoday.ca/default.asp?pid=188966&wireid=00384_ARP_MAPLEproject1web_084108 ..."A decision is expected next week that could have a major impact on AECL in Chalk River. The decision stems from a dispute between AECL and Nordion over the MAPLE reactors. The new reactors ran into technical issues and the project was mothballed several years ago, over the protests of Nordion which was depending on the isotopes from the reactors to meet its needs. Nordion immediately filed for arbitration to force AECL to try and bring the MAPLE reactors on line or pay substantial monetary damages. A decision from the arbitration hearing is expected September 10th and the board could order the MAPLE project reactivated, or award damages, or order another course of action. Nordion has already said it may seek court relief if the arbitration ruling does not meet their approval. "

No comments:

Post a Comment