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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| SNC Lavalin Group Inc | TSX:SNC | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 43.49 | 43.31 | 43.57 | 0 | 01:00:00 |
From Sep 2019 to Sep 2024
MONTREAL, Dec. 17, 2015 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that it, together in a consortium with Toledo Arabia Company, has been awarded an engineering, procurement and construction (EPC) contract by the Saudi Riyadh Cooling Company (SRCC) to provide district cooling services for the King Khalid International Airport in, Riyadh, Kingdom of Saudi Arabia. The value of SNC-Lavalin's share in the contract is estimated at approximately 98 million dollars.
SNC-Lavalin is responsible for the design, procurement, construction and commissioning of two district cooling plants, with a total capacity of 38,000 Refrigeration Tonnes (RT), equal to 134 MW, including a thermal storage tank with an output capacity of 5,000 RT.
The engineering work has commenced and construction is scheduled to start in December 2015. Chilled water production for the first cooling plant is planned for August 2017 and September 2018 for the second cooling plant.
"With 45 district cooling projects in the Gulf region, it brings us great pride to leverage our expertise to provide the Saudi Riyadh Cooling Company a viable and sustainable energy solution," said Ian Edwards, President, Infrastructure. "In addition to meeting the demand for cooling at the King Khalid International Airport, the district cooling solution will lower energy requirements while reducing greenhouse gas emissions and sound pollution."
About SNC-Lavalin
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 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, infrastructure and 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
Copyright 2015 Canada NewsWire
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