SNC-Lavalin (TSX: SNC) has announced that SNC-Lavalin Nuclear has signed a contract with Societatea Nationala “Nuclearelectrica” (SNN) to install reactor containment filtered venting systems (CFVS) at the Cernavoda Nuclear Power Plant in Romania. The value of the contract is approximately CAN$ 48 million.
“The units at the Cernavoda plant are rated among the best in Europe and this project is part of an industry-wide upgrade strategy for nuclear plant safety in the event of serious accidents or natural disasters, such as those that occurred at Fukushima in Japan,” said Patrick Lamarre, Executive Vice-President, SNC-Lavalin Group Inc. “This contract with SNN leverages SNC-Lavalin Nuclear’s expertise in nuclear power plant retrofits and in executing projects with challenging logistics. It also provides a platform for SNC-Lavalin Nuclear to build on its 45 years of experience as opportunities grow in the European nuclear market.”
Engineering and procurement activities are underway and construction is scheduled to begin immediately, with preparations for the work to be carried out in the next unit outages. The expected completion date is late 2013.
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