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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2021-11-24 C$ 32.94
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SNC-Lavalin wins $8.4M engineering contract in Romania

2021-11-25 11:31 ET - News Release

SNC-LAVALIN WINS PRE-PROJECT ENGINEERING SERVICES CONTRACT FOR POTENTIAL CANDU NEW BUILD IN ROMANIA

Candu Energy Inc., a member of the SNC-Lavalin Group Inc., has won a 12-month, $8.4-million contract from Romanian firm, EnergoNuclear SA, to provide engineering services during the preparatory stage of a precursor project to complete Candu units 3 & 4 in Romania.

"The potential to develop two new build nuclear reactors demonstrates that the Romanian government, along with several other of our public sector clients around the world, recognize that safe, reliable, affordable, low-carbon nuclear energy is how we will combat and ultimately, win the battle against climate change," said Ian L. Edwards, president and chief executive officer (CEO) of SNC-Lavalin.

This contract follows the signing of an intergovernmental agreement (IGA) between Romania and the United States in 2020, as well as a memorandum of understanding (MoU) in August, 2021, between Romania and Canada to strengthen and further develop the cooperation in nuclear energy civil projects and builds on the 55-year relationship between the two countries in developing nuclear projects.

"We are pleased to expand our relationship with Romania, Societatea Nationala Nuclearelectrica (SNN), EnergoNuclear SA and our U.S. partners for this potential new build project. Romania is familiar with Candu technology since its first two Candu units came online in 1996 and 2007 and have been providing reliable power ever since," said Sandy Taylor, president of Nuclear. "Expanding their nuclear footprint would help Romania meet its net zero carbon commitments."

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning and capital, and deliver to clients in key strategic sectors such as engineering services, nuclear, operations and maintenance and capital.

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