Candu Energy's Enhanced CANDU 6 Reactor Successfully Completes Final CNSC Pre-Licensing Vendor Design Review

Candu Energy Inc.has issued a press release on the licensing status of its CANDU EC6

Candu Energy's Enhanced CANDU 6 Reactor Successfully Completes Final CNSC Pre-Licensing Vendor Design Review:

MISSISSAUGA, ON, June 26, 2013 /CNW/ - Candu Energy's Enhanced CANDU 6® (EC6®) reactor has successfully completed its third and final pre-licensing vendor design review by the Canadian Nuclear Safety Commission (CNSC). According to theExecutive Summary released today, the CNSC Pre-Licensing Vendor Design Review confirmed that there are no fundamental barriers to licensing the EC6® design in Canada.
"The EC6 represents the future of nuclear power generation," said Frank Yee, Candu Energy's Chief Nuclear Engineer. "The EC6 design builds on the proven features of the CANDU 6®, with the addition of the latest safety, industry and technological innovations and advancements. The successful completion of the CNSC's review process marks the next chapter of nuclear power in Canada. The EC6® can provide Canadians with safe, reliable power for generations to come."
The objective of a pre-licensing vendor design review is to verify, at a high level, the acceptability of a nuclear power plant design with respect to Canadian regulatory requirements and expectations...

Read the full press release

Notable:

"As well as providing confidence in the EC6 design at home, the successful design review opens up opportunities for international CANDU® sales," said Ala Alizadeh, Candu Energy Senior Vice President, Marketing & Business Development. "The CNSC review can serve as the reference for international regulators to accelerate licensing in their countries."
Candu Energy is currently pursuing international new build opportunities in Argentina, Romania, China and the United Kingdom.