The joint venture company would develop, market and build the Advanced Fuel Candu Reactor (AFCR). The creation of the joint venture in principle follows the signing of a framework agreement in 2014, and is subject to government and regulatory approvals.
The new company is expected to be registered in mid-2017, and would be followed by the formation of two design centres — one in Canada and another in China — to complete the AFCR technology. This could lead to construction of the world’s first two AFCR plants in China, and possibly subsequent builds in China and around the world.
"This is a game changer in the nuclear industry, and a great endorsement of our expertise and Candu nuclear technology from the largest nuclear market in the world,” said Sandy Taylor, president, power, SNC-Lavalin. “Each new build in China, and anywhere in the world, will benefit Canada in terms of job creation, innovation and nuclear research and development, environmental stewardship, and will contribute to reduce global carbon emissions.”