MONTREAL, May 12, 2023
/CNW/ - SNC-Lavalin Nuclear Inc., a member of the SNC-Lavalin Group
(TSX: SNC), announces Shoreline Power Group, a contractual joint
venture between SNC-Lavalin, Aecon, and United Engineers &
Constructors, has signed a 10-year, $1.3
billion agreement with Bruce Power. The mandate is to extend
the life of four of Bruce Power's CANDU® reactors to 2064.
SNC-Lavalin's portion of the contract is valued at approximately
$173 million. SNC-Lavalin's Canadian
nuclear division will provide project management services
associated with the reactor refurbishment of Units 4, 5, 7 and 8,
the remaining units at Bruce Power that have yet to undergo a
life-extension process.
"The critical role of nuclear power in providing energy
security, meeting the ever-increasing demand for electricity and a
means to achieving global Net Zero commitments is no longer in
dispute," said Ian L. Edwards,
President and Chief Executive Officer, SNC-Lavalin. "Large reactors
in particular will play a key role in providing the vast amount of
electricity required in the future. As the steward of the
CANDU reactor technology around the world, and a provider of the
full lifecycle of nuclear services, we are well positioned to
capitalize on the rising demand for nuclear energy."
Shoreline Power Group has worked on the successful
life-extension of Bruce Power's Unit 6, which is being returned to
service later in 2023, after an on-time and on-budget
refurbishment; while its work on the refurbishment of Bruce Power's
Unit 3 remains ongoing, having begun in 2022. Bruce Power's Units 1
and 2 were refurbished in 2012. The life-extensions of Bruce
Power's reactors represent Ontario's largest clean-energy infrastructure
project. It directly and indirectly supports 22,000 jobs annually,
and injects $4 billion into the
province's economy.
The Bruce Nuclear Generating Station is the world's largest
operating nuclear facility, producing 30% of Ontario's power. It also provides a
significant amount of cancer-fighting medical isotopes for
hospitals globally.
The scope of work for the latest agreement includes the overhaul
of the core reactor components of the CANDU units. Preparatory work
is expected to commence in 2023, with completion anticipated in
2032.
"This contract win is not only a demonstration of the confidence
that Bruce Power has in our technical knowledge as the steward of
CANDU technology, but also in our track record in delivering work
that is on-time, and on-budget," said Joe
St. Julian, President, Nuclear, SNC-Lavalin. "SNC-Lavalin is
the only organization that has taken a leading role in all CANDU
reactor life extension projects to date globally. We will continue
to deploy our global experience and implement best practises to
ensure we drive continuous efficiencies on cost and schedule
performance to make these upcoming life-extensions an even greater
success."
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a fully integrated
professional services and project management company with offices
around the world dedicated to engineering a better future for our
planet and its people. We create sustainable solutions that connect
people, technology and data to design, deliver and operate the most
complex projects. We deploy global capabilities locally to our
clients and deliver unique end-to-end services across the whole
life cycle of an asset including consulting, advisory &
environmental services, intelligent networks & cybersecurity,
design & engineering, procurement, project & construction
management, operations & maintenance, decommissioning and
capital – and delivered to clients in key strategic sectors such as
Engineering Services, Nuclear, Operations & Maintenance and
Capital. News and information are available at
snclavalin.com or follow us on LinkedIn
and Twitter.
About SNC-Lavalin's Nuclear
Business
SNC-Lavalin has over 70 years' of global nuclear expertise,
delivering nuclear technology products and full-service solutions
to nuclear utilities around the world. With an innovative
technology portfolio, including access to over 500 patented
solutions, SNC-Lavalin solves technically complex challenges across
the whole nuclear lifecycle from design and new build through asset
management and from life extension and late life management through
decommissioning and waste management. SNC-Lavalin operates and
manages government nuclear research sites, transforming ageing
infrastructure and safely managing legacy nuclear waste.
SNC-Lavalin is the steward of CANDU® nuclear technology, operating
on four continents, and provides advisory and engineering services
to other nuclear developers. SNC-Lavalin is also involved in
developing medical radioisotopes for cancer research through its
partnership with TerraPower.
SOURCE SNC-Lavalin