Aecon Group Inc. (ARE.TO) announced that Ontario Power
Generation (OPG) has signed a contract awarding Aecon's Industrial
division design and construction work for the Atikokan Generating
) biomass conversion project.
Aecon will be responsible for the design and construction of the
fuel handling and storage systems for the generating station
conversion. The value of the contract is approximately half of the
$170 million project.
The Atikokan GS will be one of the largest biomass plants in
North America, with more than 200 MW of capacity. It will generate
renewable, dispatchable, peak capacity power. This project will
include plant modifications and the construction of a fuel storage
and handling system to manage the biomass fuel. The converted
facility will provide renewable electricity generation from a
sustainable fuel recognized as beneficial to climate change
Aecon is now trading at $12.69, up 18 cents.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.