Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Classified Sites

The Canadian Press - ONLINE EDITION

Canadian and Chinese companies partner to build nuclear reactors in Romania

VANCOUVER - A Canadian company is partnering with a Chinese firm in anticipation of building two more nuclear reactors in Romania that could be worth $1.5 billion for Canada's economy.

Candu Energy Inc., an SNC-Lavalin (TSX: SNC) company, has signed a co-operation agreement with China Nuclear Power Engineering Company Ltd. for the construction of two nuclear reactors at the Cernavoda Nuclear Power Plant in Romania.

Preston Swafford, the president and CEO of Candu, says the $6 billion project will also keep Canada's nuclear-engineering talent sharp.

He says the two new reactors, combined with the two current Candu reactors in the central European country, would power up to 40 per cent of the country.

In a separate agreement, SNC Lavalin signed a deal with China National Nuclear Corporation that could eventually lead to the creation of a reactor in China that uses recycled nuclear fuel.

The announcements were made in Vancouver to coincide with a visit from China's minister of energy, who was present at the signing of the agreements.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
The First World War at 100

Social Media