Market Herald logo


Be the first with the news that moves the market
  • SNC-Lavalin (SNC) subsidiary Atkins has been given a 5 year extension as Architect Engineer for international nuclear energy project, ITER.
  • Atkins will continue to work on the project with other engineering companies from France and Spain until at least 2025.
  • Atkins will work on the design, construction oversight, coordination, and integration of 39 buildings, as well as site-wide infrastructure.
  • SNC-Lavalin’s share price is down 0.91 per cent, with shares trading at $30.54 apiece.

SNC-Lavalin’s (SNC) engineering subsidiary Atkins has been granted a 5 year extension of their contract as Architect Engineer for nuclear energy project, ITER.

The International Thermonuclear Experimental Reactor (ITER) is under construction in southern France. It is currently the largest nuclear fusion energy experiment in the world.

According to Sandy Taylor, President of SNC-Lavalin’s Nuclear sector, ITER has brought 35 nations together “to build the world’s largest tokamak, a magnetic fusion device that has been designed to prove the feasibility of fusion as a large-scale and carbon-free source of energy.”

Atkins is responsible for the design, construction oversight, coordination, and integration of the site’s 39 buildings.

The business will also work on site-wide infrastructure including roads, networks and galleries. They will provide services such as electrical supplies and mechanical handling.

As part of the Engage consortium, Atkins has worked on ITER for the last 10 years. Their collaboration with French and Spanish engineering companies on the project will continue until 2025.

Market Director of Nuclear New Build at Atkins, Christophe Junillon, said “The 5 year extension and contract renewal from F4E is a testament to the hard work and the collaborative effort of the teams involved in this genuinely ground-breaking project. We’re thrilled to continue our significant involvement.”

SNC-Lavalin’s share price is down 0.91 per cent, with shares trading at $30.54 apiece.

More From The Market Herald

" Blue Sky (TSXV:BSI) signs agreement with EV Technology Group

Blue Sky Energy (BSI) has signed a definitive agreement concerning the proposed business combination with EV Technology Group Inc.

" Saturn Oil & Gas (TSXV:SOIL) partners with KidSport Canada

Saturn Oil & Gas (SOIL) will host the Saturn Oil Open ATP tennis tournament in May 2022 in Troisdorf, Germany.

" First Tellurium (CSE:FTEL) extends Lithium-ion battery life by 400 per cent

First Tellurium Corp. (FTEL) continues to advance tellurium battery technology globally.

" Enerflex Ltd. (TSX:EFX) and Exterran Corporation to combine

Enerflex (EFX) and Exterran Corporation have announced a business combination to create a premier provider of energy infrastructure.