Press Release

Doosan Enerbility announced on April 29th that it had signed a preferred vendor agreement with Canada’s Candu Energy to pursue collaboration on nuclear projects. The signing ceremony, which was held at Lotte Hotel Seoul, was attended by key figures from both parties, including Gary Rose, President of Candu Energy, and Jongdoo Kim, CEO of Doosan Enerbility’s Nuclear Business Group.

The Canadian company Candu Energy*, as the holder of the CANDU heavy-water reactor** technology, specializes in the design, supply and services of nuclear reactors.  This agreement came about after Candu Energy had gone through the initial process of shortlisting nine companies from some 2,000 vendors for the role of preferred vendor. From among the initially selected nine vendors, Doosan Enerbility is noted as being the sole non-Canadian company.
*  A wholly-owned subsidiary of the Canadian company AtkinsRéalis
** A nuclear reactor that uses heavy water(deuterium oxide, D2O) as its coolant.

Upon signing this agreement, Doosan Enerbility will now be able to expand its participation in global nuclear projects, as it will have the chance to engage in the design, manufacturing, installation, commissioning and operation processes of global nuclear power plant projects being conducted by Candu Energy.  Currently, a total of 31 CANDU reactors are in operation around the world, including in Canada, Korea, Romania, China and Argentina.  Moreover, Candu Energy released a new 1,000MW reactor model, CANDU MONARK, in 2023, with which it is actively targeting the global market.

“The CANDU technology has already been successfully rolled out to the four continents of the world and been proven to be a product of the highest reliability,” said Gary Rose of Candu Energy. “As we endeavor to strengthen our supplier capabilities for Candu’s global projects, including those in the Asian region, we are delighted to have Doosan Enerbility come on board as one of our global supply chain partners.”

“Doosan Enerbility is the first-ever non-Canadian foreign company to be selected as a preferred vendor, which is essentially a verification of the Korean nuclear industry’s competitiveness in the global market,” remarked Jongdoo Kim, CEO of Doosan Enerbility’s Nuclear Business Group. “With the signing of this agreement, we aim to participate in not only Candu Energy’s heavy-water reactor facility upgrade projects, but also in nuclear new build projects.”

Doosan Enerbility is steadily expanding its reach in the global market for heavy water reactor equipment, as demonstrated by the orders won from Candu Energy last year to supply feeder pipes for Cernavoda Nuclear Power Plant Unit 1 in Romania and the four reactors of Canada’s Pickering “B” units.

▲ Gary Rose, President of Candu Energy (on the right), and Jongdoo Kim, CEO of Doosan Enerbility’s Nuclear BG, pose for a photo at the Preferred Vendor Agreement Signing Ceremony for Nuclear Business Cooperation which was held at Lotte Hotel Seoul on April 29.

▲ Related parties including Tamara Mawhinney, Canadian Ambassador to the Republic of Korea (3rd from the right); Gary Rose, President of Candu Energy (2nd from the right) and Jongdoo Kim, CEO of Doosan Enerbility’s Nuclear BG (4th from the right), pose for a group photo at the Signing Ceremony for Nuclear Business Cooperation which was held at Lotte Hotel Seoul on April 29.