About the AFCR™News release from SNC-Lavalin
The Advanced Fuel CANDU reactor (AFCR™) is a 700MW Class Generation III reactor based on the highly successful CANDU 6® and Enhanced CANDU 6® (EC6®) reactors with a number of adaptations to meet the latest Canadian and international standards. Its fuel flexibility allows it to use recycled uranium or thorium as fuel. It has a heavy-water moderator and heavy-water coolant in a pressure tube design. CANDU reactors can be refuelled on power and have one of the highest lifetime capacity factors among the world’s reactors.
MONTREAL, Sept. 22, 2016 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce it signed an agreement in principle for a new Joint Venture with China National Nuclear Corporation (CNNC) and Shanghai Electric Group Company Ltd. The new company would develop, market and build the Advanced Fuel CANDU Reactor (AFCR™). The creation of the joint venture in principle follows the signing of a framework agreement in 2014, and is subject to all government and regulatory approvals.
The new company is expected to be registered in mid-2017, and would be followed by the formation of two design centres - one in Canada and another in China - to complete the AFCR™ technology. This could lead to construction of the world's first two AFCR™ in China, and possibly subsequent builds in China and around the world.
|Graphic from Candu: Advanced Fuel CANDU reactor (.pdf)|
"This is a game changer in the nuclear industry, and a great endorsement of our expertise and CANDU nuclear technology from the largest nuclear market in the world," said Sandy Taylor, President, Power, SNC-Lavalin. "Each new build in China, and anywhere in the world, will benefit Canada in terms of job creation, innovation and nuclear research & development, environmental stewardship, and will contribute to reduce global carbon emissions." Canada's nuclear sector directly contributes to over $6 billion to the economy annually, employs more than 30,000 highly trained and specialized people, and creates an additional 30,000 jobs indirectly through contracting.