SNC-Lavalin awarded contract by Alterra Power Corporation for Jimmie Creek hydro project

MONTREAL, July 24, 2014 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that it has been awarded the engineering, procurement and construction management (EPCM) contract for the Jimmie Creek hydro project in British Columbia by Plutonic Upper Toba Holdings Inc., a subsidiary of Alterra Power Corporation (TSX: AXY), which will own the project in partnership with a fund managed by Fiera Axium Infrastructure, Inc. SNC-Lavalin's contract is valued at $30.5 million.

The project will consist of a run-of-river hydro generation facility on Jimmie Creek in the Toba Valley near Powell River, British Columbia. A rubber dam will be installed across the creek to divert flow into a three-kilometre-long buried penstock and surface powerhouse with two 32.5-MW units. SNC-Lavalin will undertake the EPCM services for this part of the project, while also providing environmental supervision and transmission line design services.

"We are proud to take part in the Jimmie Creek project, which will serve the BC Hydro grid by providing 170 GWh of clean, renewable energy every year," said Alexander (Sandy) Taylor, President, Power, SNC-Lavalin Group Inc. "This project will further strengthen the partnership between our client and the Klahoose First Nation. New employment and contracting opportunities for both First Nations and local communities in Powell River and Campbell River will also be created by the construction of this project."

Work on Jimmie Creek began in 2012 with the initial project definition phase, and proceeded into implementation with the signing of the EPCM contract in June 2014. On-site activities began on March 1, 2014, and the targeted in-service date for the project is July 2016.

Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 40 countries, SNC-Lavalin's 30,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com

SOURCE: SNC-Lavalin