Bruce Power has signed a $50-million alliance agreement with Velan Inc. to provide valves and valve support over the next 10 years. As Bruce Power and Velan work collaboratively together on the execution plans and if all options and new projects are firmed, the value of the agreement can reach up to $100 million. Velan will provide nuclear and non-nuclear valves, as well as refurbishment and technical services as Bruce Power continues its asset management and life-extension projects to operate until 2064 and beyond.

Bruce Power?s Life-Extension Program is Ontario?s largest clean-energy initiative and one of Canada?s largest private-sector infrastructure projects, funded by private-sector investors. Bruce Power provides between $9 billion and $12 billion in direct and indirect economic activity in Canada from operations and its Life-Extension Program, creating tens of thousands of jobs and economic development.