MONTRÉAL, June 29 2015 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is proud to announce that the Canadian Nuclear Energy Alliance (CNEA) has been named the preferred bidder for the management of Canadian Nuclear Laboratories (CNL), currently a subsidiary of Atomic Energy of Canada Limited (AECL). CNEA includes SNC-Lavalin, CH2M, Fluor and EnergySolutions, with Rolls-Royce in a supporting role.
CNEA brings international site management, operations, decommissioning and waste management experience to support the Government of Canada's three key missions. In particular, SNC-Lavalin brings its experience as a nuclear reactor vendor and service provider in Canada and its strength as the number one engineering, procurement and construction firm in Canada.
The Government of Canada and CNEA will finalize the contract over the next few months. This announcement marks the final steps in the successful restructuring of AECL, which began when SNC-Lavalin purchased the assets of the commercial reactor division of AECL in 2011, and with it, the exclusive rights to CANDU® nuclear technology in 2011. "CNL is a world leader in nuclear science and technology and its success is important to our nuclear business," said Bob Card, President and CEO. "The experience that our team brings will ensure that Canada's world-class nuclear science and technology capabilities are recognized globally."
SNC-Lavalin is currently pursuing CANDU new build opportunities in Argentina, China, Romania and the United Kingdom.
"In addition to our new build business, SNC-Lavalin provides leading nuclear technology products and full-service solutions to nuclear utilities around the globe," says Preston Swafford, Chief Nuclear Officer and Executive Vice President, Nuclear. "Our nuclear team of 1,200 engineering, procurement, construction and project management experts offer customized operations, maintenance and plant life management services, including waste management and decommissioning for light water and CANDU-type reactors."
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, infrastructure and clean power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information: Media: Louis-Antoine Paquin, Public Relations Manager, Global Corporate Communications, SNC-Lavalin Group Inc., 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., 514-393-8000, ext. 57553, [email protected]