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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2021-05-26 C$ 33.43
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SNC-Lavalin wins hydro expansion deal with first nation

2021-05-27 10:37 ET - News Release

Mr. Ian Edwards reports

SNC-LAVALIN WINS HYDRO EXPANSION PROJECT FOR TAKU RIVER TLINGIT FIRST NATION

SNC-Lavalin Group Inc. has been awarded a design and engineering contract by Tlingit Homeland Energy, owned by the Taku River Tlingit First Nation band government in Northern British Columbia, to support additional power capacity for the local hydro facility in Atlin, B.C.

"This project is one of many examples of how SNC-Lavalin continues to build on its long history of collaborating and working with indigenous people across Canada," said Ian L. Edwards, president and chief executive officer. "We will use our deep expertise in hydro power to help communities such as the Taku River Tlingit First Nation continue to implement sustainable solutions that will accelerate their transition to renewable energy and support a carbon-free future for their community."

As design engineer, SNC-Lavalin will provide conceptual and advanced design as well as support the selection of a contractor through the early contractor involvement (ECI) process. The proposed work will involve expansion of the generating facility to enhance its capacity from 2.1 megawatts to 10 megawatts by using the available power potential of Pine Creek, located in the Atlin region.

"The path to decarbonization for remote communities in Canada must include a transition toward renewable energy, and B.C., with its rich hydro reserves, is well suited for clean energy production," said Dale Clarke, president, infrastructure services. This project will produce hydro power in B.C. and feed into the Yukon grid, transcending provincial boundaries and exemplifying a collaborative approach to decarbonize Canada by 2050."

"We continue to own and operate the first project we built 11 years ago, which supplies all the electricity required by the community of Atlin, B.C., and avoids about 4,400 tonnes CO2 [carbon dioxide] per year of diesel emissions," added Peter Kirby, president and chief executive officer of Taku Group of Companies. "Once operational, the electricity produced by this second project will be exported to the Yukon, and it will increase dependable renewable hydroelectricity in Yukon by nearly 10 per cent and displace thermal generation in the process."

SNC-Lavalin recently launched its vision for engineering a sustainable society with enhanced environmental, social, and governance (ESG) targets, including a route map to achieving net-zero carbon emissions by 2030. It has also published two reports, which examine the blueprint to achieve net-zero-carbon targets by 2050.

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects while offering comprehensive innovative solutions across the asset life cycle. The company's expertise is wide ranging -- consulting and advisory, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning and sustaining capital -- and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), infrastructure, nuclear and resources, supported by capital.

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