SNC-Lavalin awarded nuclear maintenance contracts in South Korea and China

SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a fuel channel inspection (FCI) contract from Korea Hydro and Nuclear Power Company Ltd. (KHNP) and a fuel channel reconfiguration contract from China’s Third Qinshan Nuclear Power Company Ltd. (TQNPC).

By SNC-Lavalin
Tuesday, May 9, 2017

SNC-Lavalin (TSX:SNC) is pleased to announce that it has been awarded a fuel channel inspection (FCI) contract from Korea Hydro and Nuclear Power Company Ltd. (KHNP) and a fuel channel reconfiguration contract from China’s Third Qinshan Nuclear Power Company Ltd. (TQNPC).

SNC-Lavalin will conduct inspection of the fuel channels of KHNP’s Wolsong units 1 and 3 this year and will also undertake the reconfiguration of the fuel channels of TQNPC’s Qinshan units 1 and 2 this year and next year. As the original equipment manufacturer of CANDU nuclear technology, SNC-Lavalin is uniquely qualified to conduct these two key mandates.

Using a proprietary tooling system, designed by in-house experts and built specifically for this application, SNC-Lavalin will send field crews to the customer sites to conduct fuel channel inspections and perform any necessary maintenance required to reconfigure and redirect channel elongation. 

“Winning these two contracts is further evidence of SNC-Lavalin’s strong presence in the East Asian nuclear market,” said Preston Swafford, Chief Nuclear Officer and Executive Vice-President, Nuclear. “We are pleased at the confidence our customers continue to show us in this increasingly competitive market.”

ABOUT SNC-LAVALIN
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com

ABOUT CANDU® TECHNOLOGY
SNC-Lavalin is the sole licensee for CANDU® heavy water reactor technology. CANDU reactors were designed as multi-fuel reactors capable of using natural uranium, recovered uranium, mixed -oxide and thorium fuels. CANDU reactors are an important component of low-carbon clean air energy programs on four continents and power over 50% of the homes of the province of Ontario’s 14 million residents.

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