MISSISSAUGA, ON, Nov. 27, 2013 /CNW/ - Candu Energy Inc. is pleased that
a Letter of Intent has been signed for investment in and development of
two additional nuclear units at the Cernavoda site between Romanian and
Chinese companies, Societatea Nationala Nuclearelectrica (SNN) and China General Nuclear Power Group (CGN)
"Candu Energy is ready to participate in the delivery of these two CANDU
nuclear power plants," said Ala Alizadeh, Candu Energy Senior Vice
President, Marketing and Business Development. "We have strong ties in
Romania through our previous CANDU projects there and are excited about
the opportunity to deliver two more units."
Candu Energy is encouraged by meetings this week in Romania with China
Nuclear Power Engineering Company, Ltd (CNPEC) and welcomes their
upcoming visit to Canada.
Romania already has two CANDU 6 nuclear reactors, which went into
service in 1996 and 2007 respectively. Together, they are the largest
power producer in the country, accounting for about 20 percent of
Romania's energy supply. Units 1 and 2 have lifetime capacity factors
of 89.6% and 93.6% respectively.
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 Energy's 1,400 highly skilled employees design and
deliver state-of-the-art CANDU® reactors, carry out life extension
projects, offer operations, maintenance and plant life management
services for existing nuclear power stations.
CANDU reactors use natural uranium fuel, heavy-water moderator and
heavy-water coolant in a pressure tube design. They can be refuelled on
power and have one of the highest lifetime capacity factors among the
world's reactors. CANDU reactors are ideal for small and medium
electric grids; the newest designs are equipped with a number of safety
enhancements to meet the latest Canadian and international standards,
including post-Fukushima enhancements. They benefit from the CANDU 6
experience of proven design, construction and operation.
Candu Energy is a wholly-owned subsidiary of SNC-Lavalin Group Inc.
(TSX: SNC). For more information, visit www.candu.com
SOURCE: Candu Energy Inc.
For further information:
Candu Energy Inc.
905-823-9040 ext. 37349
1-855-815-0533 / 905-403-7401