nbsp   How are CANDU reactor exports financed?
[A. CANDU Technology] [B. The Industry] [C. Cost/Benefit] [D. Safety/Liability] [E. Waste] [F. Security/Non-Proliferation] [G. Uranium] [H. Research Reactors] [I. Other R&D] [J. Further Info] Canada has sold eight commercial CANDU 6 reactors to date, and five of these have involved loans from Export Development Canada (EDC) (formerly known as Export Development Corporation). EDC is a Canadian government agency that finances export projects as an self-sufficient, commercial entity. Loans are provided at commercial rates, under OECD regulations. All of the five CANDU loans provided by the EDC are either repaid in full, or on schedule to being repaid in full. The remaining three of the eight CANDU 6 sales were financed in full by the customer country, South Korea. In this case the EDC was involved with South Korea’s first CANDU reactor, Wolsong 1, but not the next three (Wolsong 2, 3, and 4).[1] [1] “Financing Canada’s Nuclear Exports”, Keewatin Publications, 2000. www.nuclearfaq.ca Retur
