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Aecon with joint venture partners SNC-Lavalin and AECOM awarded Fuel Channel and Feeder Replacement contract by Bruce Power
Aecon with joint venture partners SNC-Lavalin and AECOM awarded Fuel Channel and Feeder Re...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n\n\n\nAecon with joint venture partners SNC-Lavalin and AECOM awarded Fuel Channel and Feeder Replacement contract by Bruce Power\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 14, 2018\n\n\n\nTORONTO, June 14, 2018 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that a joint venture between Aecon, SNC-Lavalin and AECOM has been awarded a $475 million contract by Bruce Power to execute the Unit 6 Fuel Channel and Feeder Replacement (FCFR) at the Bruce Nuclear Generating Station in Kincardine, Ontario. The joint venture will work together under the banner Shoreline Power Group. Aecon holds a 40 per cent share in the project.\n\nAs a part of Bruce Power's Life Extension Program, which will allow Bruce Power's CANDU units to continue to operate safely through to 2064, the project is the centrepiece of the Major Component Replacement (MCR) program to replace the main components of the reactor. Unit 6 is the first of six reactors being replaced by Bruce Power through the MCR program. \n\nThe scope of work includes the removal and replacement of calandria tubes, pressure tubes, and feeders for Unit 6, as well as construction management and trade labour. Work will be performed through Aecon's Industrial segment and is scheduled to commence in June 2020, with expected completion in the third quarter of 2022. \n\nThe joint venture has also signed a Preferred Supplier Agreement with Bruce Power under which the joint venture could be awarded similar contracts for the subsequent five units.\n\n\"Aecon is pleased to be awarded this critical contract by Bruce Power and we are proud to play a prominent role in executing the MCR program,\" said Mark Scherer, Executive Vice President, Aecon Industrial. \"Aecon has established a strong local presence in Kincardine through our current role on the Unit 6 Steam Generator Replacement Project and we look forward to further strengthening relationships in the community and with our project partners.\" \n\n\"This award highlights the recognition of Aecon's first-rate expertise in the nuclear industry and wi...