Friday, July 3rd34.7°C
26932
26015

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 TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7955-0.0018
Gold1167.10+4.10
Oil56.20-1.41
Lumber288.50+0.40
Natural Gas2.77-0.05

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 



26908

FEATURED Property
2337594347 Woods Road
4 bedrooms 3 baths
$399,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_



26376

26376


Member of BC Press Council


26916