SNC-Lavalin joint venture awarded $146 million power contract
17 Sep, 2015, 13:00 ET
MONTREAL, Sept. 17, 2015 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) announced today that an SNC-Lavalin joint venture has been awarded a $146 million power contract in Ontario, Canada.
The scope of work involves engineering, procurement, construction and commissioning. Work has begun and is expected to be complete in the second half of 2017.
"We are proud to have been awarded another major project in Ontario," said Sandy Taylor, President, Power, SNC-Lavalin. "It shows the confidence the power industry has in our ability to execute projects on time and on budget."
SNC-Lavalin's first assignments more than a century ago were for power facilities, and the company has since installed enough capacity to power 35 cities the size of New York, and enough transmission and distribution lines to circle the globe almost three times.
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information: Media: Louis-Antoine Paquin, Public Relations Manager, Global Corporate Communications, SNC-Lavalin Group Inc., 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., 514-393-8000, ext. 57553, [email protected]
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