MONTREAL, July 24, 2014 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased
to announce that it has been awarded the engineering, procurement and
construction management (EPCM) contract for the Jimmie Creek hydro
project in British Columbia by Plutonic Upper Toba Holdings Inc., a
subsidiary of Alterra Power Corporation (TSX: AXY), 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, British Columbia. 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-MW 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 GWh of clean, renewable energy every
year," said Alexander (Sandy) Taylor, President, Power, SNC-Lavalin
Group Inc. "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.
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 40 countries, SNC-Lavalin's 30,000
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
SOURCE SNC-Lavalin