MISSISSAUGA, ON, Aug. 2, 2012 /CNW/ - Candu Energy Inc. has signed an
expanded agreement with China National Nuclear Corporation's subsidiary
companies, Third Qinshan Nuclear Power Company (TQNPC), China North
Nuclear Fuel Corporation (CNNFC) and Nuclear Power Institute of China
(NPIC) to continue co-operation in the development of recycled uranium
and thorium as alternative fuels for new CANDU® reactors.
With a 24-month duration, the agreement is expected to result in a
detailed conceptual design of the Advanced Fuel CANDU Reactor (AFCR).
The AFCR is a further evolution of the successful CANDU 6® and
Generation III Enhanced CANDU 6®, which is optimized for use of
recycled uranium and thorium fuel.
"Candu is committed to customer-driven partnerships and innovation, and
we will continue to work closely with the Chinese regulator as well as
our end-customer throughout this process," said Ala Alizadeh, Candu's
Senior Vice President of Marketing & Business Development. "At the
completion of the agreement, we expect to have the basis of a
pre-project agreement for two AFCR units in China, including site
allocation and the definition of the licensing basis."
The agreement follows the successful demonstration irradiation of
recycled uranium fuel bundles in operating CANDU reactors at the
Qinshan site, about 150 km southwest of Shanghai. The tests
demonstrated the feasibility of using natural uranium equivalent (NUE)
fuel, composed of recycled uranium and depleted uranium in CANDU
reactors. The parties are now working on a project to convert the
Qinshan CANDU reactor units to full core use of NUE fuel by 2014.
The agreement marks the third phase of cooperation between Canada and
China. Beginning in 2008, it demonstrates not only the use of recovered
uranium but also thorium in CANDU reactors and serves as evidence of
Candu's commitment to customer driven partnerships and the CANDU
reactor's inherent capability to use alternative fuels. This CANDU
flexibility offers a unique opportunity to realize closed fuels cycles
in countries that have both CANDU and LWR reactors.
"CANDU technology can make a major contribution to reducing China's
dependence on imported nuclear fuel resources," said Frank Yee, Candu's
Chief Nuclear Engineer. "China has abundant thorium resources, and can
use recycled uranium in the most efficient and cost effective manner in
our commercially proven reactor designs with minimal changes."
Candu will build on 50 years of Canadian thorium fuel research,
development and demonstration, including work over the past three years
with its Chinese partners which successfully tested alternative fuels
in commercial CANDU reactors in that country.
Candu Energy Inc. is a leading full-service nuclear technology company
providing nuclear power reactors and nuclear products and services to
customers worldwide. Our 1,400 highly skilled employees design and
deliver state-of-the-art CANDU reactors, carry out life extension
projects, provide plant life management programs and tools, and offer
operation and maintenance services for existing nuclear power stations.
CANDU reactors supply approximately 50% of Ontario's electricity and 16%
of Canada's overall electricity requirements. Internationally, they are
an important component of clean air energy programs on four continents
with over 22,000 megawatts of installed capacity. Candu develops
products to deliver safe, reliable, affordable and CO2-free energy with a view to the future, while meeting the global nuclear
industry's highest safety and regulatory standards.
Candu is a wholly-owned subsidiary of SNC-Lavalin Inc. (TSX: SNC).
SOURCE: Candu Energy Inc.
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Candu Energy Inc.