Two power supply firms, Candu Energy Inc. (based in Canada) and China Nuclear Power Engineering Company Ltd. (based in China) have paired up to build two nuclear reactors in Romania. This project would support Canada’s economy as well as provide high-skilled jobs to fellow Canadians (in addition to the jobs being created at the site of the reactors). Candu already operates in reactors in Romania (as well as many other places), therefore they have valued experience in the area and will be prepared for most complications.
In addition to this deal SNC Lavalin and the China National nuclear corporation have signed a deal in which they will attempt to eventually make the reactors run on recycled nuclear fuel. This will initially be tested on existing Candu reactors. This change will significantly reduce environmental impact by increasing output while using much less inputs (such as uranium), in addition this could lead to lower costs for the company as well.
Candu’s decision to be in these deals will be very beneficial to their company as well as the environment. This will improve Candu’s image among the public and perhaps lead to greater expansion due to the newfound reputation. Also, if successful, this will allow them to adopt a much greener value proposition in which they provide cleaner energy to the world. The reduced amount of uranium used will greatly decrease their variable cost (provided that other costs don’t increase substantially due to different processing) which in the long run will benefit them greatly. Overall these two deals have allowed Candu to expand, profit the Canadian economy, potentially provide cleaner energy, improve their image, reduce costs and reduce their emissions.
http://www.timescolonist.com/opinion/blogs/canadian-and-chinese-companies-partner-to-build-nuclear-reactors-in-romania-1.1260642 (external blog)
http://www.adventis.ca/candu-energy-welcomes-romania-china-letter-intent-nuclear-investment/ (1st image)
http://www.design-engineering.com/general/snc-bullish-on-nuclear-division-46511 (2nd image)