Framatome of Kincardine on Highway 21 north of Kincardine, starts the work week with an 18.7-million-dollar Memorandum of Understanding with Bruce Power in its pocket.
The MOU was signed during an Open House at Framatome showing off its office expansion facilities on Friday, November 30th.
President and CEO of Framatome in North America Gary Mignogna says his company will design and implement Bruce Power's filtered containment venting system which is described in a news release as a safe technology that prevents the build-up of excessive pressure while safely releasing hydrogen and capturing fission products under unlikely accident conditions.
Mignogna says the system will assure that nothing gets released into the environment in the event of an accident.
He says the deal shows Bruce Power's continuing commitment to do everything they can to keep the public safe.
Framatome will also support Bruce Power's Life Extension Program through services for transformers and other high-voltage components.
Mignogna says over the next year, they expect to increase their workforce by over 50% and recently held a job fair where close to 150 showed up to drop off resumes.
He says once they're on site at Bruce Power doing the construction work, Framatome will employ hundreds of people.
President and CEO of Bruce Power Mike Rencheck says the concepts that Framatome brings to the table are exactly the types of innovations he wants to see locally achieved through the proposed Ontario Nuclear Innovation Institute (NII).
Rencheck says doing so will create synergies that will result in local people having access to jobs and opportunities in the nuclear industry.