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Candu Energy Congratulates KHNP on Obtaining Licence to Restart Wolsong 1

 Mississauga, ON – February 4, 2015 – Candu Energy offers its congratulations to Korea Hydro & Nuclear Power (KHNP) on obtaining a seven-year licence extension for the Wolsong1 CANDU® reactor.

Wolsong 1 underwent a successful life extension in 2009-2011 and was connected to the Korean electrical grid in July 2011. Wolsong 1’s operating license expired around the end of 2012 and the unit was temporarily shut down while the Korean regulator, the Nuclear Safety and Security Commission (NSSC) reviewed the licence application.

On Feb. 26, the NSSC voted in favour of the licence extension. KHNP expects to return Wolsong 1 to operation in April, when it will continue to provide Korean businesses and citizens with safe, reliable, affordable and CO2-free energy.

About Candu Energy Inc.

Candu Energy Inc., a Member of the SNC-Lavalin Group, is a leading full-service nuclear technology company providing nuclear power reactors and nuclear products and services to customers worldwide. Our highly skilled employees design and deliver state-of-the-art CANDU® reactors, carry out life extension projects, and offer operations, maintenance and plant life management services for existing nuclear power stations.

Our Enhanced CANDU 6® (EC6®) reactor is a 700-MW 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 refuelled 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.

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Contact:

Katherine Ward

+1 905 823-9040 x 37349