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Candu Energy Inc. Responds to Government of Canada's Announcement of New Direction for AECL Nuclear Laboratories

Mississauga, ON – February 28, 2013 – Candu Energy Inc. made the following statement in response to the Government of Canada’s announcement of next steps in plans to engage the private sector in the management of Atomic Energy of Canada Limited’s (AECL) Nuclear Laboratories: 

AECL and the Laboratories at Chalk River are of significant importance to the nuclear industry in Canada and the business of Candu Energy. We applaud the Federal Government’s announcement to restructure the management of the Nuclear Laboratories working in conjunction with the private sector. We believe this is the next step on making Canada a Tier 1 nuclear nation and result in a vibrant national nuclear Science and Technology program.

Candu Energy looks forward to learning more through the competitive procurement process. We will consider all of our options during that time. We look forward to continuing our long-term business relationship with AECL.

About Candu Energy Inc.
Candu Energy Inc. is a leading full-service nuclear technology company providing nuclear power reactors and nuclear products and services to customers worldwide. Candu’s 1,400 highly skilled employees design and deliver state-of-the-art CANDU® reactors, carry out life extension projects, provide plant life management programs and tools, and offer operation and maintenance services for existing nuclear power stations.

Candu Energy’s Enhanced CANDU 6 (EC6) reactor is a 700MW Class Generation III reactor based on the highly successful CANDU 6 reactor with a number of safety enhancements to meet the latest Canadian and international standards. It uses natural uranium fuel, heavy-water moderator and heavy-water coolant in a pressure tube design. It can be refueled on power and has one of the highest lifetime capacity factors among the world’s reactors. It is ideal for small and medium electric grids, and benefits from the CANDU 6 experience of proven design, construction and operation.

Candu is a wholly-owned subsidiary of SNC-Lavalin Group Inc. (TSX: SNC). For more information, visit www.candu.com.

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Contact:
Katherine Ward
Candu Energy Inc.
candu.com
905-823-9040 ext. 37349