- AtkinsRéalis Group (TSX:ATRL) has been awarded a significant seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydropower plant in Alma, Québec
- Commissioned in 1926 as the world’s largest hydropower facility at the time, the Isle-Maligne plant is set to undergo a comprehensive modernization to extend its operational life well into the future
- Under the terms of the agreement, AtkinsRéalis will deliver execution engineering, integrated procurement, and construction management services.
- AtkinsRéalis Group stock (TSX:ATRL) opened trading at C$84.30
AtkinsRéalis Group (TSX:ATRL) has been awarded a significant seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydropower plant in Alma, Québec.
Commissioned in 1926 as the world’s largest hydropower facility at the time, the Isle-Maligne plant is set to undergo a comprehensive modernization to extend its operational life well into the future. Under the terms of the agreement, AtkinsRéalis will deliver execution engineering, integrated procurement, and construction management services.
“We’ve specialized in executing large-scale hydropower projects for over a century and the life extension work on this historic hydropower plant will be guided by our commitment to sustainability and our purpose—to engineer a better future for our planet and its people,” AtkinsRéalis’ president and CEO, Ian Edwards said in a news release.
“Our long-standing partnership with Rio Tinto is based on effective collaboration and our proven ability to work and deliver on complex, high-impact projects.” Stéphanie Vaillancourt, AtkinsRéalis’ Canadian president added. “Collaboration, excellence, resilience and health-safety will be the driving forces behind our work on this project. These principles are essential for empowering the surrounding communities and advancing the development of a low-carbon economy.”
The refurbishment will involve replacing eight of the plant’s 12 turbine-alternator groups and upgrading associated water passages. Additionally, the project will include architectural, structural, electrical, and mechanical enhancements across the balance of the plant.
AtkinsRéalis will leverage its cross-regional teams to execute the project, drawing on its extensive experience in hydropower modernization. The company has previously led major refurbishment efforts including Rio Tinto’s Shipshaw Expansion Project, Ontario Power Generation’s Calabogie Redevelopment, and BC Hydro’s John Hart Generating Station Replacement.
The Isle-Maligne project is expected to contribute significantly to the region’s energy resilience and economic development.
AtkinsRéalis provides engineering and nuclear energy solutions across the world, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design, procurement, project and construction management, operations and maintenance, decommissioning and capital.
AtkinsRéalis Group stock (TSX:ATRL) opened 0.09 per cent lower at C$84.30 but has risen 62.26 per cent since this time last year.
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