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Aecon Consortium Awarded Contract for Multibillion-Dollar Power Project Tied to Major Data Centre Development and AI Infrastructure in Alberta
TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon”) an...
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Aecon Consortium Awarded Contract for Multibillion-Dollar Power Project Tied to Major Data Centre Development and AI Infrastructure in Alberta-Aecon’s $1.7 billion share of contract will be added to third quarter 2026 backlog- TORONTO, July 02, 2026 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today that TRA, a consortium with Técnicas Reunidas Alberta, Inc. in which Aecon holds a majority share, has been awarded a multibillion-dollar contract by Greenlight Electricity Centre Limited Partnership, comprised of Pembina Pipeline Corporation, Morgan Stanley Infrastructure Partners, and Kineticor Asset Management, for the Greenlight Electricity Centre (“GLEC”) project in Sturgeon County, Alberta. Aecon’s $1.7 billion share of the contract value will be added to its Construction segment backlog in the third quarter of 2026. The contract award follows the completion of early engineering and development work, further strengthens Aecon’s multi-year revenue visibility, and expands its role in delivering critical power infrastructure to support accelerating demand from Artificial Intelligence (“AI”), digital infrastructure, data centres and broader electrification trends. The GLEC will be a 932 MW natural gas-fired combined cycle power generation facility that serves a major data centre development. The site has the potential to be expanded to a permitted generation capacity of 1,864 MW. GLEC is being developed to supply electricity to a co-located data centre and is anticipated to be one of Alberta’s largest new sources of dispatchable power generation – supporting accelerating energy demand.           “The rapid advancement of AI infrastructure, data centres, digital transformation and economic growth are driving one of the most significant power infrastructure investment cycles, and unprecedented demand for power generation in North America,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “This contract award reflects Aecon’s multidisciplinary capabilities – supporting digital sovereignty and safely delivering large-scale, mission-critical infrastructure in sectors benefiting from long-term demand for power generati...