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SNC-Lavalin awarded contract for nuclear life extension project in Argentina

Montreal June 29, 2016

SNC-Lavalin (TSX: SNC) is pleased to announce it has been awarded a contract valued at over $20 million to provide management and technical guidance to Argentine nuclear reactor operator Nucleoeléctrica Argentina SA (NA-SA).

Under the contract, SNC-Lavalin will send 30 subject matter experts and reactor specialists to Argentina to guide NA-SA through the life extension of its CANDU reactor, which includes replacing main reactor components and balance of plant (BOP) equipment. The reactor is located at Embalse, Córdoba.

“We are pleased to send our CANDU experts to NA-SA to ensure their project runs smoothly,” said Preston Swafford, Chief Nuclear Officer and Executive Vice-President, Nuclear. “This life extension project will allow the Embalse nuclear power plant to provide safe, reliable, affordable and low-carbon energy for up to another thirty years.”

This contract follows previous work SNC-Lavalin has done for NA-SA, including engineering, procuring and testing 370 state-of-the-art tooling systems to replace the 380 pressure tubes that hold the nuclear fuel bundles.

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide Engineering, Procurement and Construction (EPC) and Engineering, Procurement, Construction and Management (EPCM) services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.

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