 Aker Solutions has been awarded a notice to proceed by TransCanada Corporation (TransCanada) for the construction of a 900 megawatt (MW) natural gas-fired power plant in Oakville, Ontario, Canada.
Under a joint venture, Aker Construction Canada Ltd, a subsidiary of Aker Solutions ASA, and HDR Corporation will execute engineering, procurement and construction (EPC) work on the project in cooperation with TransCanada. The contract value to Aker Solutions is approximately CAD $400 million. TransCanada will build, own and operate the 900 MW Oakville Generating Station, having secured a 20-year Clean Energy supply contract with the Ontario Power Authority (OPA). TransCanada expects to invest approximately CAD $1.2 billion in the natural gas-fired combined cycle power station. The project commences immediately and is scheduled to start producing power by the end of 2013. "We are very pleased with the confidence that TransCanada placed in us with the award of this important project. The current progress being made by our Aker Construction Canada Ltd on the nearby Halton Hills Generating Station for TransCanada demonstrates our strong execution capability," says Simen Lieungh, President & CEO of Aker Solutions. Aker Construction Canada Ltd will perform construction, construction management and certain procurement for the project. The project is expected to create approximately 600 construction jobs during the anticipated construction period of approximately 28 months. HDR Corporation will complete project design, procure engineered equipment and provide technical assistance for construction and startup. Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 22 000 people in about 30 countries. (Press release) Rolleiv Solholm |
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