SNC-Lavalin Nuclear Awarded Contract For Containment Filtered Venting Systems in Romania

Wednesday, Jan 25, 2012

SNC-Lavalin (TSX: SNC) is pleased to announce that SNC-Lavalin Nuclear has signed a contract with Societatea Nationala “Nuclearelectrica” (SNN) to install reactor containment filtered venting systems (CFVS) at the Cernavoda Nuclear Power Plant in Romania. The value of the contract is approximately CAN$ 48 million.

“The units at the Cernavoda plant are rated among the best in Europe and this project is part of an industry-wide upgrade strategy for nuclear plant safety in the event of serious accidents or natural disasters, such as those that occurred at Fukushima in Japan,” said Patrick Lamarre, Executive Vice-President, SNC-Lavalin Group Inc. “This contract with SNN leverages SNC-Lavalin Nuclear’s expertise in nuclear power plant retrofits and in executing projects with challenging logistics. It also provides a platform for SNC-Lavalin Nuclear to build on its 45 years of experience as opportunities grow in the European nuclear market.”

Engineering and procurement activities are underway and construction is scheduled to begin immediately, with preparations for the work to be carried out in the next unit outages. The expected completion date is late 2013.

SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently working in some 100 countries.

Source: SNC-Lavalin