TORONTO, Feb. 28, 2014 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that a joint venture of
Aecon (60%) and SNC-Lavalin Constructors Pacific Inc. (40%) has been
awarded a contract by SNC-Lavalin Inc. for the civil construction scope
of the John Hart Generating Station replacement project in British
The Aecon/SNC-Lavalin Constructors joint venture scope of work for the
project involves the construction of a new water intake at the existing
John Hart Spillway Dam, replacement of three 1.8 kilometre long above
ground penstocks with a 2.1 kilometre long tunnel, the construction of
a new underground generating station, and a water bypass facility.
Aecon's portion of this scope is expected to represent approximately
"Aecon looks forward to working on this significant hydroelectric
project with SNC-Lavalin for B.C. Hydro," says Teri McKibbon, President
& Chief Operating Officer, Aecon Group Inc. "We are proud of our
portfolio of hydroelectric projects and are pleased to be working on
the John Hart project which will help maintain a reliable power supply
for the region."
Work on the project is expected to commence in the second quarter of
this year and is scheduled for completion by the end of 2018. An
Aecon/SNC-Lavalin joint venture is also currently working on the Waneta
Dam power plant expansion project in British Columbia.
Aecon Group Inc. is a Canadian leader in construction and infrastructure
development providing integrated turnkey services to private and public
sector clients. Aecon is pleased to be consistently recognized as one
of the Best Employers in Canada.
The information in this press release includes certain forward-looking
statements which are subject to risks and uncertainties. In addition
to events beyond Aecon's control, there are factors which could cause
actual or future results, performance or achievements to differ
materially from those expressed or inferred herein including, but not
limited to: the timing of the project, unanticipated costs and
expenses, general market and industry conditions and operational and
reputational risks, including large project risk and contractual
factors. Readers are referred to the specific risk factors relating to
and affecting Aecon's business and operations as filed by Aecon
pursuant to applicable securities laws. Except as required by
applicable securities laws, forward-looking statements speak only as of
the date on which they are made and Aecon undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.
SOURCE: Aecon Group Inc.
For further information:
Senior Vice President,
Aecon Group Inc.