SNC-Lavalin awarded $45 million in contracts to support Bruce Power’s Life-Extension Program and reactor operations
MONTREAL: August 14, 2017 - SNC-Lavalin (TSX: SNC) is pleased to announce it was awarded $45 million worth of contracts from February to June 2017 from Bruce Power to support its operational objectives.
Highlights from the work, which includes approximately 70 discrete separate contracts include:
- Ongoing detailed design of fuel channel reactor components,
- Ongoing detailed design of feeder reactor components,
- Ongoing detailed design of balance of plant systems,
- Long term support to Bruce Power’s team for oversight and management of tool design and manufacturing, and
- Periodic inspection of fuel channels and other reactor components to assure continued safe operation of the reactor.
The work awarded was won under a Master Service Agreement signed by the two companies in 2016 and is in addition to $28 million of work announced in February this year.
“Bruce Power has expressed confidence in SNC-Lavalin by continuing our long-standing partnership,” said Preston Swafford, Chief Nuclear Officer and Executive Vice-President, Nuclear. “As the OEM of Canadian CANDU technology, we are committed to our clients’ success, allowing them to continue to deliver safe, cost-effective lowcarbon power.”
“Bruce Power has a long-standing relationship with SNC-Lavalin for critical work that is part of the life-extension project,” said Mike Rencheck, President and CEO, Bruce Power. “By leveraging its proven capabilities in reactor components and systems, this agreement will help us ensure the project continues to be a success, therefore realizing Bruce Power’s commitment to continue delivering clean, reliable and low-cost nuclear power for families and business through 2064.”
SNC-Lavalin continues to work closely with Bruce Power to optimize the operational life of the Kincardine nuclear site. The eight Bruce Power CANDU units produce 30 percent of Ontario’s electricity at 30 percent less than the average cost to generate residential power.
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients in oil and gas, mining and metallurgy, infrastructure and power. 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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