SNC-Lavalin wins contract for cutting-edge power project in the United States

MONTREAL, Dec. 18, 2012 /CNW Telbec/ - SNC-Lavalin (TSX: SNC), in joint venture with Skanska, has been awarded a contract for the Newark Energy Center, a 655-MW gas-fired combined cycle power plant in New Jersey. SNC-Lavalin is providing engineering, procurement, start-up and commissioning services, while Skanska is responsible for construction and site management.

The Newark Energy Center is being developed by a joint venture of Hess Newark Plant Holdings, LLC, a subsidiary of Hess Corporation and EIF-NEC, LLC, a subsidiary of private equity funds managed by Energy Investors Funds.

The plant will use the latest General Electric (GE) F class 5 series combustion gas turbines to generate power in a reliable and energy efficient manner. The facility, scheduled to be operational in 2015, will also be one of the cleanest of its kind in the United States thanks to its use of natural gas and sophisticated emissions control technology.

"We are proud to support a project that will provide clean, efficient and dependable electricity to the northern New Jersey grid, while bringing new jobs and revenue to Newark," said Patrick Lamarre, Executive Vice-President, SNC-Lavalin Group Inc.

SNC-Lavalin has a long history of working with GE F class gas turbines, having successfully installed 70 such units at power plants around the world.

SNC-Lavalin 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. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently working in some 100 countries. www.snclavalin.com.

SOURCE SNC-LAVALIN

Copyright 2012 Canada NewsWire

SNC Lavalin (TSX:SNC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more SNC Lavalin Charts.
SNC Lavalin (TSX:SNC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more SNC Lavalin Charts.