Candu Energy Inc and the Canadian Commercial Corporation have signed a contract with Nuclearelectrica to provide engineering, technology and procurement of tooling and reactor components in support of the life extension of the Unit 1 Candu reactor at the Cernavodă nuclear power station in Romania.

A statement said the contract is valued at approximately CAD750m (€502m, $552m).

The contract was formally signed on November 28 at the World Nuclear Exhibition in Paris.

In March, Candu Energy won a contract to carry out pre-project work for the lifetime extension of Cernavodă-1.