00:00:49 EDT Tue 14 May 2024
Enter Symbol
or Name
USA
CA



SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2023-07-05 C$ 34.08
Market Cap C$ 5,982,888,908
Recent Sedar Documents

Globe says SNC told new plant could use Candu know-how

2023-07-06 08:20 ET - In the News

The Globe and Mail reports in its Thursday edition that Ontario is aiming to get its first full-scale nuclear plant in three decades, the province's Energy Minister said Wednesday, unveiling plans to work with privately owned Bruce Power to study a potential additional facility at the company's massive existing site on the shores of Lake Huron. The Globe's Jeff Gray writes that the proposal for the Bruce station, near Kincardine, Ont., 240 kilometres northwest of Toronto, would enlarge what is already one of the largest nuclear plants in the world, which currently provides about 30 per cent of the province's electricity. Its expansion could take more than a decade, must go through a lengthy approval process and would cost billions. It must first be subject to public consultations, talks with local indigenous groups and a lengthy federal environmental impact assessment, before passing muster with the Canadian Nuclear Safety Commission. If given the green light, it would be the first new large nuclear station built in the province since Darlington, in Clarington, east of Toronto, was completed in 1993. Officials have not decided whether the new plant will use SNC-Lavalin's Candu reactors or use other technology.

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