Candu Applauds Successful Negotiations to Implement Canada-India Nuclear
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 www.candu.com.
Contact: Katherine Ward Candu Energy Inc. firstname.lastname@example.org
905-823-9040 ext. 37349
SOURCE: Candu Energy Inc.
To view this news release in HTML formatting, please use the following URL:
CO: Candu Energy Inc.
-0- Nov/06/2012 21:24 GMT
Press spacebar to pause and continue. Press esc to stop.