Velan receives order for ECI valves

Executive Summary

• Velan Inc. has secured a significant contract valued at over $20 million from Ontario Power Generation (OPG) to supply emergency cooling injection (ECI) valves for the refurbishment of three reactors at the Pickering Nuclear Generation Station.
• The order involves ASME III Class 1 rated valves, representing the highest safety and reliability standards, continuing a supply relationship with OPG that spans over 45 years.
• Delivery schedules are set to begin in January 2027, with final deliveries completed by January 31, 2028.

Key Details

• Contract Value: Exceeding $20 million.
• Customer: Ontario Power Generation (OPG).
• Product: Emergency cooling injection (ECI) valves.
• Specifications: ASME III Class 1 rated (highest standard of safety and reliability in category).
• Application: Supply for three reactors being refurbished at the Pickering Nuclear Generation Station.
• Delivery Schedule:
  • First shipment: January 2027.
  • Final delivery completion: January 31, 2028.
• Historical Context: Velan supplied the original valves over 45 years ago and has continuously supported the Pickering facility through its construction and refurbishment program.
• Strategic Alignment: Project supports Canadian nuclear innovation, CANDU technology advancement, and global clean energy expansion efforts.

Notable Quotes

• "Velan is proud to continue our partnership with OPG, supporting Canadian nuclear innovation and advancing CANDU technology. This order reflects our commitment to safety, reliability and a sustainable energy future for Canada and beyond." — James Mannebach, Chief Executive Officer