Candu Energy Inc. Moves Forward

Candu Energy Inc. Moves Forward

Mississauga, 2012 September 11– Candu Energy Inc. is pleased to announce it has reached collective agreements with all its workers represented by the Society of Professional Engineers & Associates (SPEA).  SPEA-represented employees returned to work during the last week of August.

Candu’s order book includes work related to the refurbishment of Ontario Power Generation’s Darlington reactor, as well as life extension work in Argentina.  Candu is pursuing new build reactor opportunities in Turkey, Argentina, Romania and Ontario. In China, Candu is working on the development of recycled uranium and thorium as alternative fuels for its Gen-III EC6 CANDU® reactors, and in the United Kingdom Candu is conducting a study into providing alternative full lifecycle approaches for managing that country’s fissile material stocks.

About Candu

Candu is a leading full-service nuclear technology company providing nuclear power reactors and nuclear products and services to customers worldwide. Our 1,400 highly skilled employees design and deliver state-of-the-art CANDU® reactors, carry out life extension projects, provide plant life management programs and tools, and offer operation and maintenance services for existing nuclear power stations.

Candu is a wholly-owned subsidiary of SNC-Lavalin Inc. (TSX: SNC).