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Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s):  SNCAF

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes consultancy, engineering, design and project management services. The Nuclear segment supports clients across the entire nuclear lifecycle with the full spectrum of services from consultancy, EPCM services, field services, technology services, spare parts, reactor support and decommissioning and waste management. The O&M segment consists of providing operations, maintenance, and asset management solutions. The Linxon segment offers engineering, procurement, management, and construction services. The LSTK Projects is comprised of the remaining LSTK construction contracts of the Company.


TSX:ATRL - Post by User

Post by Form001on Dec 17, 2021 6:07pm
175 Views
Post# 34242373

SNC-Lavalin JV wins $400M contract from Bruce Power

SNC-Lavalin JV wins $400M contract from Bruce Power

SNC-Lavalin JV wins $400M contract from Bruce Power

2021-12-17 09:15 ET - News Release

Mr. Sandy Taylor reports

SNC-LAVALIN JOINT VENTURE WINS CONTRACT TO REFURBISH SECOND CANDU NUCLEAR UNIT AT BRUCE POWER

Candu Energy Inc., a member of the SNC-Lavalin Group Inc. and Shoreline Power Group joint venture (JV) partners Aecon Group Inc. and United Engineers & Constructors Inc., has been awarded a second fuel channel and feeder replacement (FCFR) contract for Bruce Power's Unit 3, valued at approximately $400-million. SNC-Lavalin holds a 30 per cent share in this Unit 3 project. In 2018, the JV was awarded the first FCFR contract for the refurbishment of Unit 6. Both projects support Bruce Power's life extension program that will allow its CANDU units to continue to operate safely through to 2064. 

"This new refurbishment work on Unit 3 is a continued vote of confidence by Bruce Power in our abilities as the OEM and steward of CANDU nuclear technology," said Sandy Taylor, president, nuclear, SNC-Lavalin. "We will continue to leverage our deep technical knowledge base, decades of CANDU experience and innovation to confidently fulfill the refurbishment needs for this reactor as we have been doing now for several years on Unit 6."

The scope of work under the contract encompasses all necessary planning and execution activities for the reactor refurbishment. Planning will commence shortly in preparation for the outage scheduled to start in 2023 when the actual work to remove and replace the reactor related components -- 480 fuel channels and calandria tubes, 960 end fittings -- will be performed. In addition, the team will also remove and replace 980 feeder pipes targeting a project completion in 2026. The JV is also responsible for the operations of the complex, robotic tooling required for the work, and the management and training of the full work force.

"We are making this significant contract award with the confidence that the members of the Shoreline Power Group have demonstrated the experience and commitment to safety, quality and innovation to successfully deliver this key part of our life extension program," said Mike Rencheck, Bruce Power's president and chief executive officer.

As a preferred supplier to Bruce Power, the JV could be awarded similar contracts for the refurbishment of the four remaining units in their nuclear fleet.

Bruce Power is a low-cost electricity provider that powers more for less, delivering 30 per cent of Ontario's electricity at 30 per cent less than the average cost to generate residential power. Bruce Power's role has been recognized by a range of independent experts, business groups and energy experts in recent years.

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