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SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SNC Lavalin Group Inc TSX:SNC Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 43.49 43.31 43.57 0 01:00:00

SNC-Lavalin awarded four contracts by Korea Hydro & Nuclear Power (KHNP)

04/02/2020 12:45pm

PR Newswire (Canada)


SNC Lavalin (TSX:SNC)
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MONTREAL, Feb. 4, 2020 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce its wholly owned subsidiary Candu Energy Inc. has been awarded four contracts by Korea Hydro & Nuclear Power Co., Ltd. (KHNP) worth approximately $22 million in total. The awards consist of multi-campaign field inspections, prolonged operation assessment and thermalhydraulic computer code updates. The inspections will provide assurance to KHNP and the Korean nuclear regulator that the CANDU® nuclear reactors at the Wolsong site continue to be safe to operate until the next planned inspection. All the contracts are within SNCL Engineering Services, the cornerstone of our strategy moving forward to greater growth and support for our partner and customer.

SNC-Lavalin will inspect fuel channels and perform pressure tube sampling campaigns for Wolsong Units 2, 3 and 4, all to begin in 2020. An engineering analysis and assessment will be completed on the fuel channels and fuel channel components (including calandria tubes) for Wolsong Units 2, 3, and 4.  The thermalhydraulic computer codes (CATHENA and NUCIRC) update will support KHNP in updating the safety analysis report for Wolsong units 2,3 and 4.

"We are always proud to have these opportunities to support KHNP and the CANDU reactors at Wolsong as we have done so safely for decades," said Sandy Taylor, President, Nuclear, SNC-Lavalin. "SNC-Lavalin has performed these campaigns for over 20 years and continues to conduct these inspections on both international and domestic CANDU reactors using the latest tools and technologies for inspections and non-destructive testing."

The Wolsong CANDU nuclear power plants are owned and operated by KHNP. The four units at Wolsong are 700 MWe class CANDU 6 reactors. Units 2, 3 and 4 began operation in 1997, 1998 and 1999 respectively. CANDU reactors produce clean, low-carbon energy and are designed to operate economically and reliably for up to another 30 years with an extended outage at mid-life to replace fuel channels. SNC-Lavalin is the steward of the Canadian CANDU nuclear reactor technology.

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset lifecycle. Our expertise is wide-ranging — consulting & advisory, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and sustaining capital – and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), Infrastructure, Nuclear and Resources, supported by Capital. People. Drive. Results. www.snclavalin.com

SOURCE SNC-Lavalin

Copyright 2020 Canada NewsWire

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