MONTREAL, April 16, 2019 /CNW Telbec/ - Comprehensive
Decommissioning International, LLC (CDI), a joint venture company
of SNC-Lavalin (TSX: SNC) and Holtec International, has agreed to
enter into a Decommissioning General Contractor Agreement for
another US nuclear decommissioning contract, expected to exceed CAD
$1 billion.
Entergy Corp. (NYSE: ETR) has agreed to sell the subsidiaries
that own Indian Point Units 1, 2, and 3, located in Buchanan, N.Y., to a Holtec International
subsidiary for decommissioning. Under the terms of the Holtec and
Entergy agreement, which is subject to regulatory approvals, Holtec
will assume ownership of the site which includes the transfer of
the licenses, spent fuel, and Nuclear Decommissioning Trusts
(NDTs), for the three units. The transaction is targeted to close
in the third quarter of 2021, after Unit 3 has been shut down and
defueled. Holtec will seek to complete the decommissioning of the
Indian Point site decades sooner
than if Entergy continued to own the plant.
Subject to finalizing the terms of a Decommissioning General
Contractor Agreement with Holtec, CDI would become responsible for
performing the decommissioning of all three reactor units.
"This is a strong vote of confidence by Holtec in CDI's
abilities in the decontamination and decommissioning business,"
said Sandy Taylor, President,
Nuclear, SNC-Lavalin. "CDI has rapidly become a major player for
prompt decommissioning in the US in what continues to be a fast
growing market."
"We aim to bring a fleet approach to the decommissioning
business and safely return the sites to community use on an
accelerated timescale," added CDI President Kelly Trice. CDI was previously retained by
Holtec in 2018 for the decommissioning and waste management of
Entergy's Pilgrim and Palisades nuclear plants.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a global fully integrated
professional services and project management company and a major
player in the ownership of infrastructure. From offices around the
world, SNC-Lavalin's employees think beyond engineering. Our teams
provide comprehensive end-to-end project solutions – including
capital investment, consulting, design, engineering, construction
management, sustaining capital and operations and maintenance – to
clients across the EDPM (engineering, design and project
management), Infrastructure, Nuclear, Clean Power, and Resources
businesses. www.snclavalin.com
About Comprehensive Decommissioning
International
Comprehensive Decommissioning International, LLC (CDI) is a
jointly owned company of Holtec International and SNC-Lavalin.
Headquartered in Camden, New
Jersey, CDI is an industry-leading general decommissioning
contractor that provides comprehensive project solutions for
retiring nuclear power plants. CDI brings together a legacy of
expertise and technological innovation to protect the public in an
environmentally responsible, safe and ethical manner. CDI is
committed to the enhancement of the communities in which it
operates, employing financially sustainable business practices that
ensure the upholding of obligations made as a trusted steward of
legacy nuclear materials. www.cdi-decom.com
SOURCE SNC-Lavalin