Wednesday, October 1st6.1°C
22738
22746

SNC-Lavalin appoints U.S. nuclear executive to head Candu Energy

MONTREAL - SNC-Lavalin has appointed a former chief nuclear officer from a major U.S. power producer to head its Candu Energy unit based in Toronto.

Preston Swafford, who will be chief executive of Candu Energy and chief nuclear officer for SNC, will be responsible growing a business that refurbishes and builds nuclear-powered plants around the world.

As chief nuclear officer at Tennessee Valley Authority until he left last year, Swafford was responsible for managing six nuclear operating units.

The nuclear engineer is certified as a senior reactor operator on U.S.-design light water reactors.

Swafford has served as chairman of the Nuclear Safety Review Board at the Bruce Power site in Ontario and has been a member of safety review board in Rochester, N.Y., and a recently formed international advisory board to the Japan Nuclear Safety Institute (JANSI).

Candu Energy has focused on refurbishment projects in Argentina and Ontario as it looks for opportunities for costly new builds.

SNC-Lavalin (TSX:SNC) acquired the commercial operations of the federal government's Atomic Energy of Canada in 2011 for $15 million plus future royalties.

Candu Energy's 1,400 employees design, build and service nuclear reactors that supply nearly half of Ontario's electricity and 16 per cent of Canada's overall electricity requirements.

The company has operations in Ontario, Quebec and New Brunswick. Reactors designed by Candu supply more than 22,000 megawatts of power at sites around the world.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14960.51-16.41
S&P CDNX909.29-3.47
DJIA17042.90-28.32
Nasdaq4493.39-12.462
S&P 5001972.29-5.51
CDN Dollar0.8921-0.001
Gold1209.80-1.7999
Oil90.21+0.45
Lumber333.20+0.30
Natural Gas4.151+0.03

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.26+0.03
Cantex0.065-0.025
Anavex Life Sciences0.184-0.001
Metalex Ventures0.0550.00
Russel Metals34.57+0.08
Copper Mountain Mining2.42-0.10
Colorado Resources0.165+0.015
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.32-0.02

 



23437

FEATURED Property
18126024219 Hobson Road, Kelowna, BC
10073969 bedrooms
$499,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_





23545


Member of BC Press Council


23266