Monday, April 20th21.0°C
25631
24949

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 TSX15412.60+52.05
S&P CDNX703.65+0.80
DJIA18034.93+208.63
Nasdaq4994.60+62.79
S&P 5002100.40+19.22
CDN Dollar0.8166-0.0011
Gold1193.20-0.30
Oil56.18-0.20
Lumber247.70-0.70
Natural Gas2.543+0.007

 
Okanagan Companies
Pacific Safety0.115-0.005
Knighthawk0.010.00
QHR Technologies Inc1.42+0.02
Cantex0.035+0.005
Anavex Life Sciences0.385+0.055
Metalex Ventures0.085+0.010
Russel Metals27.42-0.06
Copper Mountain Mining1.10-0.03
Colorado Resources0.11+0.01
ReliaBrand Inc0.005+0.001
Sunrise Resources Ltd0.04+0.00
Mission Ready Services0.185+0.010
Decisive Dividend Corporation1.80+0.15

 





FEATURED Property
2216135#330 495 All Star Court
2 bedrooms 1 baths
$140,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Calling on your help!

Has the internet flattened prices as predicted? Has the internet created opportunities for your business to find higher priced markets further afield? Is posting prices on your website a good thing o...


Living with Plan B

“It does not do to leave a live dragon out of your calculations, if you live near him.”― J.R.R. Tolkien, The Hobbit Photo: Thinkstock.comHuman beings are optimists by nature. Whether...


Reverse mortgage solution

With the housing and financial markets on solid footing, some retired Canadians may consider cashing in their growing assets to enjoy vacations and major home renovations. Others, on the other hand, a...

_



25922

25633


Member of BC Press Council


25692