SNC-Lavalin Group Inc. - President & CEO, Ian L. Edwards.
Lavalin Group Inc.
Source:SNC-Lavalin Group Inc.
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  • SNC-Lavalin Group (SNC) company Candu Energy has been selected to provide services for the Unit 1 CANDU reactor at a Romanian facility for $64 million
  • The contract is 2.5 years long and SNC-Lavalin will provide engineering and early procurement services to replace certain reactor components
  • This will extend the reactor’s life until 2060
  • It will also deploy specialized personnel to the Cernavoda site to carry out the work
  • SNC-Lavalin Group (SNC) is up 0.62 per cent trading at $24.35 per share as of 1:09 p.m. ET

SNC-Lavalin Group (SNC) company, Candu Energy, has been selected to provide design and engineering services for the Unit 1 CANDU reactor for $64 million.

The selection was made by Nuclearelectrica S.A., operator of the Cernavoda Nuclear Generating Station in Romania.

Nuclearelectrica is an operator of the Cernavoda Nuclear Generating Station in Romania that is setting up a future life extension project to support energy security and the country’s Net Zero goals

As part of the 2.5-year contract, SNC-Lavalin stated it will provide engineering and early procurement services for retubing work to replace certain components of the reactor core allowing reactor’s operating life to extend until 2060. According to SNC-Lavalin, the reactor supplies 10 per cent of Romania’s electricity.

“Europe is contending with the most significant energy crisis of this century; it is faced with the challenge of shifting electricity generation to sources that are Net Zero while also working to ensure the continuity of its energy supply,” Ian L. Edwards, President and CEO of SNC-Lavalin, said.

SNC-Lavalin also shared it will deploy specialized personnel from its nuclear business to the Cernavoda site to carry out the work. The team will bring their expertise across feeders, fuel channel design, and stress analysis to ensure cost-effective and time-efficient project delivery.

“As the steward and original equipment manufacturer of CANDU technology, no one knows this reactor, or how to execute a successful retubing of it, better than we do… our CANDU technology will continue contributing to the prosperity of Romania and its people; providing emissions-free, baseload electricity its economy can depend on in all weather conditions, and in all geopolitical environments, for the next 30 years.” said Joe St. Julian, President of Nuclear for SNC-Lavalin, said.

SNC-Lavalin Group (SNC) is up 0.62 per cent trading at $24.35 per share as of 1:09 p.m. ET.

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