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Candu Energy Inc. was created in 2011 when parent company SNC-Lavalin purchased the commercial reactor division of Atomic Energy of Canada Limited (AECL), along with the development and marketing rights to CANDU reactor technology. [1] [2] Candu Energy Inc. is located in Mississauga, Ontario, Canada. Candu Energy lists its main business lines as:
In the summer of 2011 SNC-Lavalin won an international bidding process for the reactor design division of the company. Prior to the acquisition, 10% of SNC Lavalin's international power workforce (400 of 4000) were engaged in the production and refurbishment of nuclear reactors. Concerns raised about the deal include a lack of commitment by SNC ...
SNC-Lavalin acquired a 27% share in Ontario's Highway 407 toll road for $175 million. In 2011, SNC-Lavalin sold part of its share of Highway 407, at a significant profit. In June 2011, SNC-Lavalin purchased the commercial reactor division of Atomic Energy of Canada Limited (AECL) from the Government of Canada for CA$15 million.
Candu Energy offers support services for existing sites and is completing formerly stalled installations in Romania and Argentina through a partnership with China National Nuclear Corporation. SNC Lavalin, the successor to AECL, is pursuing new CANDU 6 reactor sales in Argentina (Atucha 3), as well as China and Britain [citation needed]. Sales ...
In April 2016, the company announced the acquisition of the Projects, Products and Technology (PP&T) segment of EnergySolutions for £206 million, strengthening Atkins' nuclear multidisciplinary capability to a 2,000-strong global team. [30] During April 2017, Atkins received a £2.1bn bid from Canadian company SNC-Lavalin.
In 2011, with no sales prospects remaining, the Canadian government sold AECL's reactor division to SNC-Lavalin. In 2014, SNC announced a partnership with the China National Nuclear Corporation (CNNC) to support sales and construction of the existing CANDU designs. Among these was a plan to use their two CANDU-6 reactors in a recycling scheme ...
Oyster Creek was sold to Holtec International in July 2019 after clearing regulatory approval, and a Holtec and SNC-Lavalin joint venture called Comprehensive Decommissioning International will be responsible for decommissioning the plant. About 200 of Oyster Creek's employees will remain at the plant to carry out decommissioning work with Holtec.
In 2007, Team CANDU, a consortium of Atomic Energy of Canada Limited, Babcock & Wilcox Canada, GE-Hitachi Nuclear Energy Canada Inc., Hitachi Canada Ltd and SNC-Lavalin Nuclear Limited [6] began a $2.5 million feasibility study regarding the installation of a new 1,100 MWe Advanced CANDU Reactor at Point Lepreau, to supply power to New England ...