MONTREAL, Feb 26, 2015 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that it has won two district cooling contracts in the Kingdom of Saudi Arabia (KSA), with a combined value of approximately $71 million. The contracts have been awarded by the Saudi Dhahran Cooling Company and the Central District Cooling Company.
Saudi Dhahran Cooling Company contract
SNC-Lavalin has been awarded an engineering, procurement and construction (EPC) contract by the Saudi Dhahran Cooling Company, a subsidiary of Saudi Tabreed, to expand the district cooling facilities of their Aramco District Cooling Plant in Dhahran, KSA. The contract is estimated at $30.6 million.
SNC-Lavalin will be responsible for the design, procurement, construction and commissioning of an additional cooling capacity of 5,000 refrigeration tons (RT), with all associated equipment, energy transfer stations and chilled water networks—to achieve a total cooling capacity of 32,000 RT.
Central District Cooling Company contract
SNC-Lavalin has also been awarded an EPC contract by the Central District Cooling Company, also a subsidiary of Saudi Tabreed, for the expansion of its Jabal Omar Development Company (JODC) district cooling scheme in Mecca, KSA. The contract is estimated at $40.2 million.
Under this contract, SNC-Lavalin will be responsible for the design, procurement, construction and commissioning of an additional cooling capacity of 10,000 RT, with all associated equipment, energy transfer stations and chilled water networks—to achieve a total cooling capacity of 35,000 RT.
"It gives us great pleasure to serve Saudi Tabreed and its subsidiaries on these strategic and critical infrastructure projects," said Hisham Mahmoud, President, Infrastructure, SNC-Lavalin Group Inc. "We are proud to be one of the leading E&C companies operating in the Kingdom of Saudi Arabia, with approximately 6,000 employees in the Kingdom."
About district cooling
SNC-Lavalin has built a reputation as a world leader in district cooling, which uses chilled water to cool buildings. By reducing the demand for local power utilities, it reduces capital and maintenance costs and saves valuable space that can be used for more productive commercial purposes. In addition to energy savings, district cooling systems reduce carbon dioxide emissions by approximately 40 percent.
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 provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean 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, Media 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]