Mr. Alexander Taylor reports

SNC-LAVALIN AWARDED CONTRACT BY ALTERRA POWER CORPORATION FOR JIMMIE CREEK HYDRO PROJECT

SNC-Lavalin Group Inc. has been awarded the engineering, procurement and construction management contract for the Jimmie Creek hydro project in British Columbia by Plutonic Upper Toba Holdings Inc., a subsidiary of Alterra Power Corp., which will own the project in partnership with a fund managed by Fiera Axium Infrastructure Inc. SNC-Lavalin's contract is valued at $30.5-million.

The project will consist of a run-of-river hydro generation facility on Jimmie Creek in the Toba Valley near Powell River, B.C. A rubber dam will be installed across the creek to divert flow into a three-kilometre-long buried penstock and surface powerhouse with two 32.5-megawatt units. SNC-Lavalin will undertake the EPCM services for this part of the project, while also providing environmental supervision and transmission-line-design services.

"We are proud to take part in the Jimmie Creek project, which will serve the BC Hydro grid by providing 170 gigawatt-hours of clean, renewable energy every year," said Alexander Taylor, president, power, SNC-Lavalin Group. "This project will further strengthen the partnership between our client and the Klahoose First Nation. New employment and contracting opportunities for both first nations and local communities in Powell River and Campbell River will also be created by the construction of this project."

Work on Jimmie Creek began in 2012 with the initial project definition phase and proceeded into implementation with the signing of the EPCM contract in June, 2014. On-site activities began on March 1, 2014, and the targeted in-service date for the project is July, 2016.