Candu Applauds Successful Negotiations to Implement Canada-India Nuclear Cooperation Agreement

Candu Applauds Successful Negotiations to Implement Canada-India Nuclear 
Cooperation Agreement 
MISSISSAUGA, ON, Nov. 6, 2012 /CNW/ - Candu Energy Inc. is pleased with 
today's announcement by the Government of Canada that negotiations necessary 
to implement the Nuclear Cooperation Agreement between Canada and India have 
been successfully concluded. 
"This historic agreement opens the door for Candu Energy in India," said Ala 
Alizadeh, Candu's Senior Vice President, Marketing and Business Development. 
"We look forward to working alongside the Indian nuclear industry in the near 
Candu Energy is uniquely positioned to deliver nuclear services and expertise 
to the growing Indian market, particularly as 18 of India's 20 nuclear 
reactors are pressurized heavy water reactors based on the company's unique 
CANDU technology. Additionally, it is estimated that India will invest up to 
$100 billion in nuclear technology over the next 20 years. 
"This represents a tremendous growth opportunity for Candu," explained 
Alizadeh. "Candu can now offer our services and life extension expertise to 
the Indian nuclear industry, and we also hope to collaborate with them to 
further develop alternate fuel cycles. Candu is currently working on the 
development of the Advanced Fuel CANDU Reactor (AFCR), which will use recycled 
uranium and thorium, and on a CANMOX fuel-powered reactor that uses a mixed 
oxide (MOX)-fuel. Both of these advancements utilize the Enhanced CANDU 6(®) 
(EC6(®)) design, a Generation-III reactor based on a proven technology that 
has operated around the world representing approximately 1000 operations-years 
of safe and reliable service including an 87.9% lifetime capacity across 30 
About Candu Energy Inc. Candu Energy Inc. is a leading full-service nuclear 
technology company providing nuclear power reactors and nuclear products and 
services to customers worldwide. Candu's 1,400 highly skilled employees design 
and deliver state-of-the-art CANDU(®) reactors, carry out life extension 
projects, provide plant life management programs and tools, and offer 
operation and maintenance services for existing nuclear power stations. 
Candu is a wholly-owned subsidiary of SNC-Lavalin Group Inc. (TSX: SNC). For 
more information, visit 
Contact: Katherine Ward Candu Energy Inc. 
905-823-9040 ext. 37349 
SOURCE: Candu Energy Inc. 
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CO: Candu Energy Inc.
ST: Ontario
-0- Nov/06/2012 21:24 GMT
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