SNC-LAVALIN JOINT VENTURE AWARDED CONTRACT FOR GEOTHERMAL PROJECT IN NEW ZEALAND
23 February 2011 - 12:30AM
PR Newswire (Canada)
MONTREAL, Feb. 22, 2011 /CNW/ -- MONTREAL, Feb. 22, 2011 /CNW
Telbec/ - SNC-Lavalin is pleased to announce that Contact Energy
(Wellington, NZ) has awarded the McConnell
Dowell/SNC-Lavalin/Parsons Brinkerhoff joint venture an
engineering, procurement, construction (EPC) contract for the
construction of the 166 MW Te Mihi geothermal project. Two
new geothermal power units of 83 MW each will be constructed near
the Wairakei geothermal power station, northwest of Taupo,
NZ. Once completed, approximately 45 MW of the existing
Wairakei geothermal station will be decommissioned, resulting in a
net increase from the combined Te Mihi and Wairakei stations of 114
megawatts. "We are pleased to be expanding our experience in the
worldwide renewable energy market, and to be working with a leading
green energy company like Contact Energy" said Patrick Lamarre,
Executive Vice-President, SNC-Lavalin Group. "Geothermal
power is playing an increasingly important role in the industry,
and our mandate to execute on this contract is a testament of our
ability to successfully deliver complex projects all over the
world." Contact Managing Director, David Baldwin, says the
commitment to Te Mihi reflects the company's view that geothermal
is New Zealand's most cost effective new base load generation. "The
additional 114 megawatts is expected to be required by the market
by 2013 as economic growth resumes, and will also contribute to
lowering Contact's average cost of generation," he said.
SNC-Lavalin (TSX:SNC) is one of the leading engineering and
construction groups in the world and a major player in the
ownership of infrastructure, and in the provision of operations and
maintenance services. SNC-Lavalin has offices across Canada and in
over 35 other countries around the world, and is currently working
in some 100 countries. In business since 1911, the Company
celebrates its 100(th) anniversary in 2011. www.snclavalin.com. To
view this news release in HTML formatting, please use the following
URL:
http://www.cnw.ca/en/releases/archive/February2011/22/c4704.html
table valign="top" cellspacing="0" border="1"
class="cnwBorderedTable"tr valign="top"td align="left"Media/td td
align="left"Investors/td/tr tr valign="top"td align="left"Leslie
Quintonbr/ Vice-President, Global Corporate
Communications br/
SNC-Lavalin Group Inc. br/ 514-393-8000, ext. 7354br/ a
text-decoration="underline"
href="mailto:leslie.quinton@snclavalin.com"leslie.quinton@snclavalin.com/a/td
td align="left"Denis Jasminbr/ Vice-President, Investor
Relationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext. 7553br/ a
href="mailto:leslie.quinton@snclavalin.com"denis.jasmin@snclavalin.com/a/td/tr/table
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