28.11.2023 14:57:08 - dpa-AFX: AtkinsRealis, CCC Secure Around $750 Mln Contract From Nuclearelectrica
OTTAWA (dpa-AFX) - Candu Energy Inc., an AtkinsRealis company, trading name
of SNC-Lavalin Group Inc. (SNCAF.PK, SNC.TO) and the Canadian Commercial
Corporation or CCC, a federal Crown corporation, have signed a contract of
around $750 million with Nuclearelectrica S.A. or SNN, a partially state-owned
Romanian nuclear energy company.
Candu and CCC will provide engineering, technology, and procurement of tooling
and reactor components to support the life extension of SNN's Unit 1 CANDU
reactor at the Cernavoda Nuclear Power Plant in Romania.
Ian L. Edwards, CEO of AtkinsRealis, said: ' With the global demand of base-load
electricity forecasted to double or triple, equating to a market for over 1,000
new reactors, there are many life extension opportunities that our highly
advanced CANDU technology is well positioned to capture, while helping Canada
maintain its vital status as a Tier-1 nuclear nation.'
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