MONTREAL, July 30, 2019 /CNW Telbec/ - Comprehensive
Decommissioning International, LLC (CDI), a joint venture company
of SNC-Lavalin (TSX: SNC) and Holtec International, has been
awarded its first commercial contract, worth hundreds of millions
of dollars, to decommission the Oyster Creek nuclear power
plant in Lacey Township,
Ocean County, New Jersey. Under
the contract with Holtec, CDI will be responsible for
decommissioning, demolishing and cleaning up the site beginning
this year, now that ownership of the site has transferred to
Holtec.
"CDI is pleased to welcome approximately 200 former Exelon
employees to our team," said Kelly
Trice, President, CDI. "Their knowledge of the local
community and the Oyster Creek plant, coupled with CDI's
accelerated decommissioning approach will ensure we restore the
site for re-use in the shortest possible time."
CDI aims to safely and efficiently decommission and dismantle
the site in less than 10 years using innovative technologies.
Coupled with strong project planning and management, this will
result in a predictable decommissioning program.
"This is just the beginning of what we know is a bright future
for CDI in reactor decommissioning, and a great example of the
services-based contracts CDI can undertake," said Sandy Taylor, President, Nuclear, SNC-Lavalin.
"We are strong proponents of the future of carbon-free, nuclear
power around the world, be it through the industry-leading
expertise and technologies that we bring to nuclear new build and
life-extending refurbishment projects, however, decommissioning is
also becoming a significant part of our business. In the US alone,
there are almost 100 nuclear reactors."
The US Nuclear Regulatory Commission (NRC) approved the transfer
of the Oyster Creek licence from Exelon to Holtec in June 2019 and plant ownership was transferred on
July 1. Agreements are also in place
between Holtec and Entergy for its US Indian Point, NY, Palisades,
MI, and Pilgrim, MA, nuclear units, in which CDI will be the
Decommissioning General Contractor, following each plant's
closure.
About Comprehensive Decommissioning International
(CDI)
Comprehensive Decommissioning International, LLC (CDI),
headquartered in Camden, New
Jersey, is a joint venture company of Holtec International
(USA) and SNC-Lavalin (TSX: SNC).
CDI seeks to become an industry-leading decommissioning company by
providing comprehensive project solutions for retiring 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 company is committed to the enhancement of the communities
in which it operates, and employing financially sustainable
business practices that ensure the upholding of obligations made as
a trusted steward of legacy nuclear materials.
www.cdi-decom.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 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 think beyond engineering. Our teams
provide comprehensive end-to-end project solutions – including
capital investment, consulting, design, engineering, construction
management, sustaining capital and operations and maintenance – to
clients across the EDPM (engineering, design and project
management), Infrastructure, Nuclear and Resources businesses.
www.snclavalin.com
SOURCE SNC-Lavalin