Candu Energy Meets with Suppliers to Further Develop Ontario New Nuclear
MISSISSAUGA, ON, Dec. 4, 2012 /CNW/ - On Friday, November 30, Candu Energy
Inc. met with close to 100 of its key Ontario-based suppliers with the goal of
further developing a cost-effective nuclear solution for Ontario.
Candu Energy is currently preparing detailed construction plans, schedules and
cost estimates for two potential Enhanced CANDU 6 ® (EC6®) reactors at
Ontario Power Generation's (OPG) Darlington site. They will be submitted in
June 2013. A 2012 study by the Canadian Manufacturers and Exporters says
construction of two new CANDU reactors would be a tremendous additional job
driver, producing 60,000 person-years of work over a five-year period.
"We are committed to developing the best price and schedule for Ontario
electricity consumers, while maximizing the benefit to Ontario's nuclear and
balance of plant supply chain," said Kevin Wallace, Candu's President &
General Manager. "The workshop we held on Friday will help us do just that."
Over the course of the day, current and potential suppliers learned more about
Candu Energy's procurement process, and the requirements in terms of providing
well-priced competitive quality products and services as part of the company's
While Candu Energy is focusing much of its attention to this potential
project, there is also significant interest in CANDU reactors outside the
country - projects which would bring jobs to globally-competitive suppliers in
Canada. The same CME study found that building a pair of EC6 reactors outside
of Canada would support over 2,200 person-years of direct, high-wage work and
over $2.5 billion in economic activity here in Canada.
OPG currently operates two power stations at Pickering and Darlington,
consisting of 10 CANDU reactors. Those reactors account for almost 30 per cent
of the electricity generated in Ontario, regularly powering 4.7 million
CANDU technology's 60 year history in this country has built a large, stable
supplier base, which is eager to work on the next generation of CANDU
technology for Ontario. Candu's suppliers employ approximately 30,000 highly
skilled and specialized people who manufacture major equipment and components
and provide engineering services and support for CANDU nuclear power plants in
Canada and abroad. In the last decade, six CANDU reactors were built and
delivered to international customers. All of these projects have been
delivered on or ahead of schedule, and on budget.
Earlier this year, the Canadian Nuclear Safety Commission (CNSC) completed
Phase 2 of a Pre-Project Design Review of Candu's EC6 reactor. The CNSC
concluded that there are no fundamental barriers to licensing the EC6 design
in Canada; this is the key step for licensing consideration of a nuclear power
plant in Canada. The EC6 is the only reactor being considered by OPG to have
completed this review to date.
The EC6 Technology Day was organized with the assistance of the OCI, the
industry association representing 175 companies that supply products and
services to CANDU plants in Canada and around the world.
About the Enhanced CANDU 6
The Enhanced CANDU 6 (EC6) is a 700MW Class Generation III reactor based on
the highly successful CANDU 6 reactor with a number of safety enhancements to
meet the latest Canadian and international standards. It uses natural uranium
fuel, heavy-water moderator and heavy-water coolant in a pressure tube design.
It can be refueled on power and has one of the highest lifetime capacity
factors among the world's reactors. It is ideal for small and medium electric
grids, and benefits from the CANDU 6 experience of proven design, construction
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.
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CO: Candu Energy Inc.
-0- Dec/04/2012 19:30 GMT
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