Monday, August 3rd29.0°C
27107

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 TSX14468.44+85.68
S&P CDNX594.31+6.01
DJIA17598.20-91.66
Nasdaq5115.38-12.90
S&P 5002098.04-5.80
CDN Dollar0.7593-0.0007
Gold1096.90+0.60
Oil45.89+0.33
Lumber259.40+7.30
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.17-0.01
Knighthawk0.010.00
QHR Technologies Inc1.42+0.00
Cantex0.035-0.005
Anavex Life Sciences1.13+0.22
Metalex Ventures0.05+0.00
Russel Metals19.40-0.05
Copper Mountain Mining0.79+0.01
Colorado Resources0.065+0.005
ReliaBrand Inc0.0049+0.0004
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.095-0.045
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
1389640310-3115 Demontreuil Court
2 bedrooms 2 baths
$250,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Mortgage policy changes?

There are rumours circulating again that the federal government may move to tighten mortgage insurance criteria. This is prompted by a recent article in the Financial Post. The housing market while b...


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...

_



26370




Member of BC Press Council


26706