SNC-Lavalin Group Inc., a Montreal-based company, soon might become a major player in Chinese nuclear-energy industry, in case it engaged in construction of the next generation of Candu reactors in China, The Globe and Mail reports on Thursday.
An agreement in principle has been reached over establishing a joint venture with state-owned atomic-power company CNNC and manufacturing conglomerate Shanghai Electric Group Co. Ltd. The new enterprise is intended to design and construct the Advanced Fuel Candu Reactor.
The new enterprise is planned to be registered in China by the middle of 2017.
According to president of the power division at SNC-Lavalin, Sandy Taylor, China is the ideal market for the Advanced Fuel Candu Reactor, because of its “massive commitment to nuclear.”