Nuclear

Commitment to Nuclear Power in Ontario and Abroad Welcomed by Candu Energy Inc.

Commitment to Nuclear Power in Ontario and Abroad Welcomed by Candu Energy Inc.

Mississauga, ON – December 02, 2013 – Candu Energy welcomes the commitment made in Ontario’s Long-Term Energy Plan (LTEP) to nuclear power as a major source of Ontario’s electricity, and the recognition of the value of nuclear exports to the province’s economy.

“Refurbishing the 10 CANDU units at both Bruce Power and Darlington will enable Ontarians to have clean, reliable, carbon-free, base-load power for another 25 to 30 years,” says Ala Alizadeh, Candu Energy Senior Vice President of Marketing & Business Development.

CANDU reactors have an excellent performance record in Canada and abroad. “We appreciate the support of the Government of Ontario in the export of this Canadian technology,” said Alizadeh. “We are currently working on promising opportunities for new build CANDU reactor sales in Romania, as well as in China and the UK, where CANDU technology’s unique ability to use alternate fuels is featured.”

Candu Energy remains confident that new nuclear power remains a viable, clean energy option and that Ontario will invest in new CANDU reactors when the energy demand increases. “Investing in nuclear power means investing in high-tech, well-paying jobs,” said Alizadeh. “It means economic opportunities for Ontario businesses as well as a commitment to greenhouse gas reduction and cleaner air for the province.”

About Candu Energy Inc.

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

Candu Energy’s Enhanced CANDU 6® (EC6®) reactor is a 700MW Class Generation III reactor based on the highly successful CANDU 6® reactor with a number of safety enhancements to meet the latest Canadian and international standards. It uses natural uranium fuel, heavy-water moderator and heavy-water coolant in a pressure tube design. It can be refuelled on power and has one of the highest lifetime capacity factors among the world’s reactors. It is ideal for small and medium electric grids, and benefits from the CANDU 6 experience of proven design, construction and operation.

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