13:30:26 EDT Tue 14 May 2024
Enter Symbol
or Name
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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2023-08-29 C$ 42.89
Market Cap C$ 7,529,521,868
Recent Sedar Documents

Globe says Quebec may revive SNC's Candu reactor

2023-08-30 09:10 ET - In the News

The Globe and Mail reports in its Wednesday edition that Michael Sabia had barely started his new job at Hydro-Québec when the provincially owned utility best known for its massive hydroelectric dams said it is taking a renewed look at nuclear power, as it seeks to dramatically increase its energy supply by mid-century. The Globe's Konrad Yakabuski writes that Mr. Sabia, who took over as Hydro-Québec's chief executive on Aug. 1, has a mandate from Premier François Legault to add thousands of megawatts to the Quebec's electricity grid to help the province achieve its net-zero carbon goal by 2050. An Aug. 10 Journal de Montréal article revealed that the new CEO has already commissioned a feasibility study on relaunching the Gentilly-2 nuclear power station that Hydro-Québec shut down in 2012. Quebec turned its back on nuclear power in the wake of the 2011 Fukashima nuclear disaster in Japan. Former premier Pauline Marois's short-lived Parti Québécois government announced the shuttering of the 675-megawatt Gentilly-2 station shortly after taking power in 2012. By then, Hydro-Québec had already spent almost $1-billion on a planned refurbishment of Gentilly's 29-year-old Candu reactor to extend its operating life to 2040.

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