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Aecon joint venture awarded $1.3 billion Fuel Channel and Feeder Replacement contract for four units at the Bruce Nuclear Generating Station in Ontario
Aecon joint venture awarded $1.3 billion Fuel Channel and Feeder Replacement contract for four un...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n \n \n \n Aecon joint venture awarded $1.3 billion Fuel Channel and Feeder Replacement contract for four units at the Bruce Nuclear Generating Station in Ontario\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n -Substantial completion achieved on-time and on-budget for Unit 6 refurbishment-\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 11, 2023\n \n \n /CNW/ - Aecon Group Inc. (TSX: ARE) (\"Aecon\" or the \"Company\") announced today that Shoreline Power Group, a joint venture between Aecon, SNC-Lavalin and United Engineers & Constructors in which Aecon is the lead partner, has been awarded a\n \n $1.3 billion\n \n Fuel Channel and Feeder Replacement (FCFR) contract by Bruce Power for Units 4, 5, 7 and 8 at the Bruce Nuclear Generating Station in\n \n Tiverton, Ontario\n \n . Planning work is expected to commence in the second quarter of 2023, with construction expected to begin in the first quarter of 2025 and completion anticipated in 2032. Aecon's\n \n $1 billion\n \n share of the contract is being added to its Construction segment backlog in the second quarter of 2023.\n \n \n \n \n \n \n \n \n \n The award for Bruce Power's four remaining units comes as Shoreline Power Group and Bruce Power also achieved substantial completion on the Unit 6 refurbishment on-time and on-budget, remaining on track to return the unit to service in the fourth quarter of 2023. As work continues to progress on Unit 3, the joint venture is now contracted to execute FCFR work on all six of Bruce Power's units, which will extend the life of the site to 2064 through the Bruce Power Major Component Replacement (MCR) program.\n \n \n \"This contract award underscores the success of our long-term partnership with Bruce Power and we are proud to achieve substantial completion on Unit 6,\" said\n \n Jean-Louis Servranckx\n \n , President and Chief Executive Officer, Aecon Group Inc. \"Aecon is proud to deliver infrastructure that supports a net-zero future, creates economic benefits and helps ensure the ...