There's a CANDU 6 or 6E, the enhanced CANDU 6, which produces 740 megawatts. That's probably around 726 or 740. The ACR-1000 actually produces 1,140 megawatts of electricity. I'm not even sure how they came up with these numbers.
As for its problems, the CANDU 6 is a tried and proven technology that's operating well. It's operating in Canada and operating around the world.
The ACR has never been built, so it is a new technology. It's built on the CANDU 6 platform. It's about 80%.... You know, the parts are interchangeable, but it's the next generation. It's called Generation III technology. There are no Generation III reactors operational anywhere in the world. There are a few under construction, and they are not without their challenges.
Listen, we have some of the best people at AECL. I have been out to meet the nuclear scientists and engineers at Chalk River and at Sheridan Park. I absolutely believe that our greatest asset is our people at AECL, and I have a lot of confidence in them. I do. And I think we have an ability to create a Canadian champion.
That's why our government has put the resources into it. In the budget of this year we put $300 million into AECL. The reality is that I think nuclear is going to play a much increased role in electricity production. It's greenhouse-gas-emission-free. It's pollution-free. It's not without its challenges, but it will be part of our energy mix in the future. We're seeing that Ontario has launched a bid process for two new reactors, something we haven't built for decades in Canada.