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Bruce Power signs 10-year Alliance Agreement with Velan Inc. for Valve supply and related service work
Jul 08, 2024•almost 2 years ago
Contract Type
agreement
MontrealEnergyOil And GasRenewable EnergyBiomass EnergyDescription
Bruce Power has signed a $50-million alliance agreement with Velan Inc. to provide valves and valve support over the next 10 years. The agreement could reach up to $100M if all options and new projects are firmed. Velan, a world-leader in valves, will provide nuclear and non-nuclear valves, as well as refurbishment and technical services as part of Bruce Power's asset management and life-extension projects to operate until 2064 and beyond.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months