Another international project for CANDU - Argentina signs contract to refurbish its CANDU nuclear power plant
August 25 2011 - 8:30AM
PR Newswire (Canada)
TORONTO, Aug. 25, 2011 /CNW/ -- TORONTO, Aug. 25, 2011 /CNW Telbec/
- Atomic Energy of Canada Limited (AECL) signed formal agreements
today with Nucleoeléctrica Argentina Sociedad Anónima (NASA),
operator of Argentina's Embalse Nuclear Generating Station, to
begin work on the retubing and refurbishment of the station's CANDU
reactor, which is designed to allow the power plant to operate for
an additional 25 to 30 years. The aggregate contract value is
approximately $440 million. AECL will begin the execution of the
contract with direct support from SNC-Lavalin Nuclear Inc. until
the transaction between AECL and Candu Energy Inc. (Candu), a
wholly-owned subsidiary of SNC-Lavalin Group Inc., to acquire the
commercial assets of AECL's CANDU Reactor Division closes. At that
point, Candu will take over full responsibility for the contract.
The scope of the AECL/Candu contract includes the provision of key
technologies and tools to support the retubing project as well as
engineering and supply for plant upgrades. NASA will be the overall
project manager for the refurbishment project and will directly
carry out all reactor component procurement and oversee the on-site
work. "This contract is a good example of the opportunities that
lie ahead for Candu, and a testament to Canada's long association
with Argentina in the field of nuclear energy," said Patrick
Lamarre, Executive Vice-President, SNC-Lavalin Group Inc. "We look
forward to expanding our cooperation with the Argentinian nuclear
industry, not only for this refurbishment project, but for future
nuclear projects in Argentina, elsewhere in South America and in
the global market." "The Embalse project will provide several years
of high-value work for employees of the Canadian nuclear industry,"
said Hugh MacDiarmid, President and CEO, AECL. "It underlines the
importance of CANDU technology as an affordable, reliable source of
CO(2)-free energy." The Embalse CANDU 6 reactor began commercial
operation in January 1984. The single-unit has a gross output of
648 MWe and was originally designed by AECL. About CANDU retube
projects CANDU reactors are designed to undergo a retube to help
utilities extend the life of their reactor as opposed to
decommissioning it and replacing it with a new one, or finding
replacement energy sources that are often more expensive, less
accessible and not as environmentally friendly. Retubing the
reactor involves removing and replacing (for a CANDU 6 design) all
760 reactor feeders as well as 380 fuel channels and 380 calandria
tubes. Remotely controlled tools and massive, highly shielded
machines are required to conduct the work safely inside the reactor
due to the radioactive environment. Retubing a reactor requires an
extended outage so that the fuel channels can be replaced. During
this outage, there is an opportunity to perform other refurbishment
activities that will improve the reliability and safety of the
plant. About SNC-Lavalin SNC-Lavalin is one of the leading
engineering and construction groups in the world and a major player
in the ownership of infrastructure, and in the provision of
operations and maintenance services. SNC-Lavalin has offices across
Canada and in over 35 other countries around the world, and is
currently working in some 100 countries. In business since 1911,
the Company celebrates its 100(th) anniversary in
2011. www.snclavalin.com. To view this news release in HTML
formatting, please use the following URL:
http://www.cnw.ca/en/releases/archive/August2011/25/c6108.html
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Investors: /td /tr tr valign="top" td align="left" Amélie Plantebr/
Director, External Communicationsbr/ Global Corporate
Communicationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext.
8315br/ a
href="mailto:amelie.plante@snclavalin.com"amelie.plante@snclavalin.com/a
/td td align="left" /td td align="left" Denis Jasminbr/
Vice-President, Investor Relationsbr/ SNC-Lavalin Group Inc.br/
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href="mailto:denis.jasmin@snclavalin.com"denis.jasmin@snclavalin.com/a
/td /tr tr td /td td /td td /td /tr tr
valign="top" td align="left" class="cnwUnderlinedCell" bAECL/b /td
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valign="top" td align="left" Robin Forbesbr/ Manager, External
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