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SNC-Lavalin, Aecon, United JV sign $1.3B Bruce Power deal

SNC-Lavalin, Aecon, United JV sign $1.3B Bruce Power deal

MONTREAL — SNC-Lavalin Nuclear has announced it is part of a joint venture that has signed a 10-year, $1.3-billion agreement with Bruce Power to extend the life of four of Bruce Power’s CANDU reactors to 2064.

The JV is called Shoreline Power Group. SNC-Lavalin will be working with Aecon and United Engineers & Constructors, stated a release.

SNC-Lavalin’s portion of the contract is valued at approximately $173 million. SNC-Lavalin’s Canadian nuclear division will provide project management services associated with the reactor refurbishment of Units 4, 5, 7 and 8, the remaining units at Bruce Power that have yet to undergo a life-extension process.

The generating station is the world’s largest operating nuclear facility, producing 30 per cent of Ontario’s power.

Shoreline Power Group has worked on the life-extension of Bruce Power’s Unit 6, which is being returned to service later in 2023 after an on-time and on-budget refurbishment, while its work on the refurbishment of Bruce Power’s Unit 3 continues, having begun in 2022.

Bruce Power’s Units 1 and 2 were refurbished in 2012. The life-extensions of Bruce Power’s reactors represent Ontario’s largest clean-energy infrastructure project, says SNC-Lavalin Nuclear.

The scope of work for the latest agreement includes the overhaul of the core reactor components of the CANDU units. Preparatory work is expected to start in 2023, with completion anticipated in 2032.

“The critical role of nuclear power in providing energy security, meeting the ever-increasing demand for electricity and a means to achieving global net zero commitments, is no longer in dispute,” stated SNC-Lavalin CEO Ian Edwards in a statement. “Large reactors in particular will play a key role in providing the vast amount of electricity required in the future.”

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