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TORONTO, Nov. 2 /CNW/ - Aecon Group Inc. (TSX: ARE) today announced that
its Industrial Group has been awarded two contracts totaling $116 million by
East Windsor Cogeneration LP.
Under the main Aecon Engineering, Procurement, and Construction (EPC)
contract, valued at $105 million, Aecon Industrial will construct the new
84-megawatt East Windsor Cogeneration Centre (EWCC), a high efficiency
gas-fired electric power and steam cogeneration facility located in Windsor,
Upon substantial completion, scheduled for September 2009, the EWCC will
provide electrical output to Ontario's electricity market, and will also
provide high-pressure and medium-pressure steam to the adjacent facilities of
Ford Motor Company of Canada. East Windsor Cogeneration LP is a partnership
between Pristine Power Inc. and Fort Chicago Energy Partners L.P.
The EWCC's steam generation units will be provided by Aecon's
wholly-owned subsidiary, Innovative Steam Technologies (IST) under a separate
$11 million contract. IST will supply two compact Once-Through Steam Generator
(OTSG) units for steam production. Aecon Industrial will install the OTSG
units as part of the main EPC contract, and IST will provide installation
supervision related to their equipment.
"The electricity generation sector continues to be a key focus area for
Aecon," said Paul P. Koenderman, Executive Vice President, Aecon Group Inc.
and CEO, Aecon Industrial Group. "We have an industry leading track record for
building highly-efficient cogeneration projects in Ontario, and we are pleased
to be working with East Windsor Cogeneration on a project that involves both
Aecon Industrial and IST."
"We are delighted to receive an order of this significance and to be
working closely with Aecon Industrial," said Bob Dautovich, President,
Innovative Steam Technologies. "This project, combined with previous orders
and other prospects, demonstrates IST's growing strength in the North American
Aecon Group Inc. is Canada's largest publicly traded construction and
infrastructure development company. Aecon and its subsidiaries provide
services to private and public sector clients throughout Canada and
The information in this news release includes certain forward-looking
statements. These statements are based upon assumptions that are subject to
significant risks and uncertainties which are generally described in
Section 3.2 "Risk Factors" of Aecon's Annual Information Form available on
SEDAR at www.sedar.com. Although Aecon believes that the expectations
reflected in forward-looking statements are reasonable, it can give no
assurance that the expectations of any forward-looking statements will prove
to be correct.
For further information:
For further information: Mitch Patten, Vice President, Corporate
Affairs, Aecon Group Inc., (416) 297-2615, email@example.com, www.aecon.com