Studsvik steam generator deal

11 May 2009

Studsvik has signed an agreement with Canada's Bruce Power for the treatment of 32 steam generators.

The total order value is SEK250 million ($32 million).

The agreement is conditional upon finalising agreements and receipt of regulatory approval.

The steam generators will be treated at Studvik's facilities in Sweden between 2010 and 2018. The first 16 generators are scheduled for delivery in the spring of 2010.

The steam generators weigh around 100t each. Up to 90% of the component volume is estimated to be released for regular recycling after treatment.

Studsvik pioneered the treatment and recycling of steam generators from nuclear reactors in 2005. These components have traditionally been sent directly for final disposal or stored temporarily at nuclear power plants.

With Studsvik's method, large parts of the steam generators can be 'free-released', dramatically reducing the amount of waste that must be disposed of.

So far, Studsvik has treated steam generators from Swedish and German nuclear power plants. With the order from Canada's Bruce Power, Studsvik enters a new geographical market.

"The order from Bruce Power firmly establishes Studsvik as the world leader in the treatment of large components. It will also keep our Swedish waste operations occupied for long time", says Magnus Groth, president and chief executive of Studsvik Group.

Studsvik estimates that several hundred steam generators and other large components are stored temporarily at nuclear power plants around the world awaiting efficient treatment methods.

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