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News » US » SNC-Lavalin lands Oyster Creek decommissioning contract » published 31 Jul 2018

SNC-Lavalin lands Oyster Creek decommissioning contract

A US-based joint venture of SNC-Lavalin and Holtec International is to carry out the expedited decommissioning of New Jersey's Oyster Creek nuclear plant under a contract worth hundreds of millions of dollars.

The JV, Comprehensive Decommissioning International, was appointed by Holtec Decommissioning International. Earlier today, Exelon Generation and Holtec International had announced the conditional sale of the Oyster Creek Nuclear Generating Station to a Holtec subsidiary.

Under the contract, CDI will be responsible for decommissioning the plant, with work due to start in 2019, pending closure of the transaction. The CDI contract will include the demolition and clean-up of the site.

CDI said that it will seek to perform the decommissioning faster and more cost effectively than the original decommissioning plan proposed by Exelon Generation.

CDI was formed recently to target the US decommissioning sector with technology aimed at speeding the process (link opens in new tab).

"We have taken our first major step forward today in building CDI’s decontamination and decommissioning business,” said Mark Morant, president, US nuclear at SNC-Lavalin.

“This project is vitally important to the local community in the Lacey Township region and we look forward to accelerating the safe clean-up of the shuttered nuclear plant site to restore most of the land to unrestricted use and in the shortest time possible,” added Dr Krishna P Singh, president and CEO of Holtec International.

Exelon Generation had announced in February its decision to retire the Oyster Creek facility no later than October 2018. Under the terms of the Holtec and Exelon Generation agreement, which is subject to regulatory approvals, a Holtec subsidiary will assume ownership of the site, real property and used nuclear fuel after the plant has permanently shut down. The transaction is expected to close in the third quarter of 2019.

 

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This article was published on 31 Jul 2018 (last updated on 31 Jul 2018).

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