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CDI joint venture wins contract to decommission Oyster Creek nuclear power plant

Washington β€” Comprehensive Decommissioning International has been awarded a contract to decommission Exelon Generation's 670-MW Oyster Creek nuclear power plant in Forked River, New Jersey, CDI said Tuesday in a statement.

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CDI is a joint venture of Holtec International and SNC-Lavalin.

The agreement, CDI's "first commercial contract," is worth "hundreds of millions of dollars," the company said.

Oyster Creek was permanently shut September 17. Holtec purchased the plant from Exelon July 1. The transfer of Oyster Creek's operating license to Holtec was approved June 20 by the US Nuclear Regulatory Commission, effective upon completion of the sale.

CDI said in its statement that it "aims to safely and efficiently decommission and dismantle the site in less than 10 years using innovative technologies."

Decommissioning work will begin this year, the company said, without providing details.

Earlier this month, GE Hitachi Nuclear Energy was awarded a contract to dismantle Oyster Creek's reactor pressure vessel and reactor internals.

Sandy Taylor, president, nuclear at SNC-Lavalin, said in the statement, "this is just the beginning of what we know is a bright future for CDI in reactor decommissioning, and a great example of the services-based contracts CDI can undertake."

"Agreements are also in place between Holtec and Entergy" for CDI to be the decommissioning general contractor for the Indian Point, Palisades, and Pilgrim nuclear plants, the statement said.

Pilgrim, located in Massachusetts, was permanently shut in May. Indian Point-2 and -3 in New York are scheduled to close in 2020 and 2021, respectively, followed by Palisades in Michigan in 2022.

-- Steven Dolley, steven.dolley@spglobal.com

-- Edited by Valarie Jackson, valarie.jackson@spglobal.com