MONTREAL, July 31, 2018 /CNW Telbec/ - Comprehensive
Decommissioning International, LLC (CDI), a joint venture company
of SNC-Lavalin (TSX: SNC) and Holtec International, has been
awarded a nuclear decommissioning contract, worth hundreds of
millions of dollars, by Holtec Decommissioning International.
Earlier today, Exelon Generation and Holtec International
announced the conditional sale of the Oyster Creek Nuclear
Generating Station located in Ocean
County, New Jersey to a Holtec subsidiary.
Under the contract, CDI will be responsible for decommissioning
the plant beginning in 2019, pending transaction closure. This will
include the demolition and cleanup of the site. CDI will seek to
perform the decommissioning faster and more cost effectively than
the original decommissioning plan proposed by Exelon
Generation.
"We have taken our first major step forward today in building
CDI's decontamination and decommissioning business," said
Mark Morant, President, US Nuclear,
SNC-Lavalin. "This project is vitally important to the local
community in the Lacey Township
region and we look forward to accelerating the safe clean-up of the
shuttered nuclear plant site to restore most of the land to
unrestricted use and in the shortest time possible," added Dr.
Krishna P. Singh, President and CEO
of Holtec International.
CDI was formed earlier this year with the goal of performing
accelerated decommissioning of retired nuclear power plants using
innovative technologies to cut the total time elapsed to release
plant sites for unrestricted use to eight years or fewer, leaving
only the spent fuel (ISFSI) on site, pending local regulatory
approvals (with the exception of the temporary dry storage
installation).
Exelon Generation announced in February, its decision to retire
the Oyster Creek facility no later than October 2018. Under the terms of the Holtec and
Exelon Generation agreement, which is subject to regulatory
approvals, a Holtec subsidiary will assume ownership of the site,
real property and used nuclear fuel after the plant has permanently
shut down. The transaction is expected to close in the third
quarter of 2019.
About CDI
Comprehensive Decommissioning
International (CDI) is an international decommissioning company
based in the US, providing 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. CDI 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.
Cdi-decom.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
Holtec
International is a privately held energy technology company with
operation centers in Florida,
New Jersey, Ohio and Pennsylvania in the US, and globally in
Brazil, Dubai, India,
South Africa, Spain, UK and Ukraine. Holtec's principal business
concentration is in the nuclear power industry. Holtec has played a
preeminent role since the 1980s by densifying wet storage in
nuclear plants' spent fuel pools deferring the need for and expense
of alternative measures by as much as two decades at over 110
reactor units in the US and abroad. Dry storage and transport of
nuclear fuel is another area in which Holtec is recognized as the
foremost innovator and industry leader with a dominant market share
and an active market presence in eighteen countries. Among the
Company's pioneering endeavors are the world's first below-ground
Consolidated Interim Storage Facility being developed in
New Mexico and a 160-Megawatt walk
away safe small modular reactor, SMR-160. The SMR-160 is developed
to bring cost competitive carbon-free energy to all corners of the
earth including water-challenged regions. Holtec is also a major
supplier of special-purpose pressure vessels and critical-service
heat exchange equipment such as air-cooled condensers, steam
generators, feedwater heaters, and water-cooled condensers.
Virtually all products produced by the Company are built in its
three large manufacturing plants in the US and one in India. Thanks to a solid record of consistent
profitability and steady growth since its founding in 1986, Holtec
has no history of any long-term debt and enjoys a platinum credit
rating from the financial markets. Nearly 100 US and international
patents protect the Company's intellectual property from predation
by its global competitors and lend predictable stability to its
business base. To learn more about Holtec International, visit:
www.holtecinternational.com
About Exelon Generation
Exelon Generation, a
subsidiary of Exelon Corporation (NYSE: EXC), is one of the
largest, most efficient clean energy producers in the U.S., with a
generating capacity of more than 32,700 megawatts. Exelon
Generation operates the largest U.S. fleet of carbon-free nuclear
plants with 20,300 megawatts of capacity from 23 reactors at 14
facilities in Illinois,
Maryland, New Jersey, New
York and Pennsylvania. Exelon Generation also operates
a diverse mix of wind, solar, landfill gas, hydroelectric, natural
gas and oil facilities in 17 states with more than 12,400
megawatts. Exelon Generation has an industry-leading safety record
and is an active partner and economic engine in the communities it
serves by providing jobs, charitable contributions and tax payments
that help towns and regions grow. Follow Exelon Generation on
Twitter @ExelonGen, view the Exelon Generation
YouTube channel, and visit
http://www.exeloncorp.com/companies/exelon-generation
SOURCE SNC-Lavalin