MONTREAL, Feb. 3, 2020 /CNW Telbec/ - Comprehensive
Decommissioning International, LLC (CDI), a joint venture company
of SNC-Lavalin (TSX: SNC) and Holtec International, has been
awarded its second commercial contract worth hundreds of millions
of dollars to decommission the Pilgrim Nuclear Power Station in
Plymouth, Massachusetts. Under the
contract with Holtec, CDI will be responsible for decommissioning,
demolishing and cleaning up the single-reactor facility beginning
this year, now that site ownership has transferred to Holtec from
Entergy Corporation. Pilgrim joins Oyster Creek as CDI's second
decommissioning project. SNC-Lavalin will report the related
services revenues under SNCL Engineering Services.
"CDI is pleased to welcome 270 former Pilgrim station employees
to the project," said Kelly Trice,
President, CDI. "Their knowledge of the local community and the
single-reactor Pilgrim plant, coupled with CDI's approach to
beginning the decommissioning process now will ensure we restore
the site for re-use in the safest and shortest possible time."
Using innovative technologies, CDI aims to safely and
efficiently decommission and dismantle the facility decades earlier
than would have otherwise been the case. Within a few years of the
plant's shutdown, used nuclear fuel will be placed in structurally
impregnable dry storage systems, which is unprecedented in the
history of decommissioning nuclear plants. Finally, upon
completion, the vast majority of the 1,700 acre site will be
rendered fit for commercial/industrial use.
"This project further illustrates the breadth of SNC-Lavalin's
expertise across the entire nuclear fuel cycle. In line with our
strategy, it continues and builds on the momentum for a busy and
active future for CDI in reactor decommissioning," said
Sandy Taylor, President, Nuclear,
SNC-Lavalin. "While we are strong proponents for the future of
carbon-free, nuclear power around the world, through the
industry-leading expertise and technologies that we bring to
nuclear new build opportunities and through our life-extending
refurbishment projects, the efficient and safe decommissioning of
reactors and restoration of sites for further use is a key
component to maintain public confidence in our industry and is a
significant part of our business."
The US Nuclear Regulatory Commission (NRC) approved the transfer
of the Pilgrim licence from Entergy to Holtec and plant ownership
was transferred in August 2019.
Agreements are also in place between Holtec and Entergy for its US
Indian Point, NY, Palisades, MI nuclear units, in which CDI will be
the Decommissioning General Contractor, following each plant's
closure.
SNC-Lavalin and Holtec's decommissioning history gives CDI more
than a half century of experience managing complex projects in both
the commercial and government nuclear sectors worldwide. Coupled
with strong project planning and management, this will result in a
predictable decommissioning program. The nuclear business, along
with EDPM, remains a key pillar in SNC-Lavalin's growth
platform.
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 fully integrated
professional services and project management company with offices
around the world. SNC-Lavalin connects people, technology and data
to help shape and deliver world-leading concepts and projects,
while offering comprehensive innovative solutions across the asset
lifecycle. Our expertise is wide-ranging — consulting &
advisory, intelligent networks & cybersecurity, design &
engineering, procurement, project & construction management,
operations & maintenance, decommissioning and sustaining
capital – and delivered to clients in four strategic sectors: EDPM
(engineering, design and project management), Infrastructure,
Nuclear and Resources, supported by Capital. People. Drive.
Results. www.snclavalin.com
SOURCE SNC-Lavalin