MISSISSAUGA, ON, Dec. 2, 2013 /CNW/ - Candu Energy welcomes the
commitment made in Ontario's Long-Term Energy Plan (LTEP) to nuclear
power as a major source of Ontario's electricity, and the recognition
of the value of nuclear exports to the province's economy.
"Refurbishing the 10 CANDU units at both Bruce Power and Darlington will
enable Ontarians to have clean, reliable, carbon-free, base-load power
for another 25 to 30 years," says Ala Alizadeh, Candu Energy Senior
Vice President of Marketing & Business Development.
CANDU reactors have an excellent performance record in Canada and
abroad. "We appreciate the support of the Government of Ontario in the
export of this Canadian technology," said Alizadeh. "We are currently
working on promising opportunities for new build CANDU reactor sales in
Romania, as well as in China and the UK, where CANDU technology's
unique ability to use alternate fuels is featured."
Candu Energy remains confident that new nuclear power remains a viable,
clean energy option and that Ontario will invest in new CANDU reactors
when the energy demand increases. "Investing in nuclear power means
investing in high-tech, well-paying jobs," said Alizadeh. "It means
economic opportunities for Ontario businesses as well as a commitment
to greenhouse gas reduction and cleaner air for the province."
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 Energy's Enhanced CANDU 6® (EC6®) reactor is a 700MW Class
Generation III reactor based on the highly successful CANDU 6® reactor
with a number of safety enhancements to meet the latest Canadian and
international standards. It uses natural uranium fuel, heavy-water
moderator and heavy-water coolant in a pressure tube design. It can be
refuelled on power and has one of the highest lifetime capacity factors
among the world's reactors. It is ideal for small and medium electric
grids, and benefits 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
905-823-9040 ext. 37349
1-855-815-0533 / 905-403-7401