MONTREAL — Comprehensive Decommissioning International, LLC (CDI), a joint company of SNC-Lavalin and Holtec International, is finalizing contract details with Holtec Decommissioning International, Inc. to enter into two multi-year nuclear decommissioning contracts, each worth hundreds of millions of dollars.
According to a release issued by SNC-Lavalin, this follows Purchase and Sale Agreements (PSAs) that Holtec International signed with Entergy Corp. for the acquisition of the Entergy subsidiary that owns the Pilgrim Nuclear Power Station located in Plymouth, Mass. and the Entergy subsidiary that owns the Palisades Power Plant located in Covert, Mich.
The PSA and license transfers are subject to U.S. Nuclear Regulatory Commission approvals, adds the release.
CDI will be responsible for decommissioning the plants, beginning with Pilgrim in 2020.
This will include the demolition and cleanup of the two plants and sites.
Pilgrim’s accelerated decommissioning by CDI is expected to be completed within eight years.
“These projects are vitally important to the local communities and we look forward to accelerating the safe clean-up of the shuttered nuclear plant sites to restore most of the land to unrestricted use in the shortest time possible,” added Dr. Krishna Singh, president and CEO of Holtec International, in a statement.
“CDI is committed to decommissioning both Pilgrim and Palisades safely and in an environmentally responsible and ethical manner,” added Mark Morant, president, US Nuclear, SNC-Lavalin.