BUCHAREST (Romania), January 21 (SeeNews) - Candu Energy, a member of Canada's SNC-Lavalin Group, said on Tuesday it has been awarded a $10.8 million (7.3 million euro) contract by Romania's Nuclearelectrica [BSE:SNN] for engineering analyses and assessments on the Cernavoda's Unit 1 CANDU nuclear reactor aimed to extend its life.
The contract with Nuclearelectrica, the operator of Romania's sole nuclear power plant Cernavoda, is focused on the fuel channel and feeders assemblies, SNC Lavalin said in a press release.
The main objective of the contract is to extend the unit's operational life by four years, up to 245,000 effective full power hours (EFPH) from the original design life of 210,000 EFPH. Such an extension will enable the plant to continue to operate safely until it is ready for refurbishment in 2026.
Cernavoda Unit 1 produces over 700 MW of electricity, about 10% of Romania’s electricity demands. It was commissioned and began commercial full power operation in December 1996.
Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world.