MONTREAL, July 18, 2018 /CNW Telbec/ - SNC-Lavalin
(TSX: SNC) and Holtec International group are pleased to announce a
new US-based joint venture company named Comprehensive
Decommissioning International, LLC (CDI). The company,
headquartered in Camden, New
Jersey, has been established to bring the expertise of both
companies together to ensure safe, rapid, and economic
decommissioning of shuttered nuclear plants.
CDI's priorities are safety and environmental stewardship as it
performs accelerated decommissioning of retired nuclear power
plants. Using innovative technologies, CDI is the best equipped
company to cut the total time elapsed to release plant sites for
unrestricted use to eight years or fewer, pending local regulatory
approvals (with the exception of the temporary dry storage
installation).
With an aging nuclear power plant fleet and the rise of lower
cost means of energy generation in the
United States, decommissioning has become a rapid growth
market with a forecast value exceeding $14B
USD over the next ten years. The safe deconstruction of
nuclear power plants requires complex project planning and project
management, specialized nuclear skills, proven processes and
innovative technologies.
"CDI's vision is to become the leading decommissioning
contractor in this market," said Pierre
Oneid, Holtec's Senior Vice-President and Chief Nuclear
Officer. "Now is the time to invest and the parent companies are
bringing their joint skills, technologies and financial strength
together to lead the way in decommissioning and spent fuel
storage."
Holtec and SNC-Lavalin both boast long histories of strong
financial performance and portfolios of first-to-market
technologies. Both companies bring to CDI a legacy of safe nuclear
operations, quality performance, and on time project delivery.
"This joint venture expands our existing collaboration with
SNC-Lavalin on our small modular reactor, the SMR-160, to the
decontamination and decommissioning sector of the nuclear industry.
We will leverage our used fuel storage and transport expertise, now
in use by 110 nuclear reactors around the world, to pave the way
for what we call prompt decommissioning," said Holtec's President
& CEO, Dr. Kris Singh.
"SNC-Lavalin continues to expand its participation in the
nuclear value chain, working with its valued partner, Holtec," said
Sandy Taylor, SNC-Lavalin's
President, Nuclear. "Over and above our collaboration with Holtec
for small modular reactors, the unique contributions of our
respective companies bring a complete solution to reactor
decontamination and decommissioning, bringing technology and
innovation to fuel management and facilities dismantlement."
About CDI
CDI provides comprehensive project
solutions for the accelerated retirement of nuclear power plants.
CDI's global operations provide expertise and technological
innovation to protect the public in an environmentally responsible,
safe and ethical manner. The joint venture is committed to the
enrichment of the communities in which it operates, employing
financially sustainable business practices that ensure the
upholding of obligations made as a trusted steward of legacy
nuclear materials. www.comprehensivedecommissioning.com
About SNC-Lavalin
Founded in 1911,
SNC-Lavalin is a global fully integrated professional services and
project management company and a major player in the ownership of
infrastructure. From offices around the world, SNC-Lavalin's
employees are proud to build what matters. Our teams provide
comprehensive end-to-end project solutions – including capital
investment, consulting, design, engineering, construction,
sustaining capital and operations and maintenance – to clients
across oil and gas, mining and metallurgy, infrastructure, clean
power, nuclear and EDPM (engineering design and project
management). On July 3, 2017,
SNC-Lavalin acquired Atkins, one of the world's most respected
design, engineering and project management consultancies, which has
been integrated into our sectors. www.snclavalin.com
About Holtec International
Founded in 1986,
Holtec International is an integrated technologies enterprise
providing innovative solutions, equipment, and services to the
global energy industry. Specializing in spent nuclear fuel
management technologies, Holtec has changed the landscape of dry
spent nuclear fuel storage by designing, licensing, fabricating,
and constructing the first underground spent fuel storage
facilities in the world. Holtec also provides design, turnkey
delivery, problem resolution, life extension, and life assessment
services on the entire range of heat exchangers for the electric
power generation industry worldwide, and is revolutionizing Air
Cooled Condenser (ACC) technology with its HI-MAX (Holtec
International MAXimum reliability ACC) air cooled condensing
system. To learn more about Holtec International,
visit: www.holtecinternational.com
SOURCE SNC-Lavalin