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SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
13 Sep 2024 - Closed
Delayed by 15 minutes
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

SNC-Lavalin awarded third district cooling project in Saudi Arabia

07/08/2012 2:00pm

PR Newswire (Canada)


SNC Lavalin (TSX:SNC)
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MONTREAL, Aug. 7, 2012 /CNW Telbec/ - SNC-Lavalin is pleased to announce that it has been awarded a contract by the Central District Cooling Company, a subsidiary of Saudi Tabreed District Cooling Company, to provide district cooling facilities to the Jebel Omar Development in Mecca, Kingdom of Saudi Arabia (KSA). As part of the contract, estimated at $92 million, SNC-Lavalin will be responsible for the design, procurement, construction and commissioning of a district cooling plant, with an ultimate capacity of 55,000 Refrigeration Tonnes (RT), 1.5 km of dual underground chilled water distribution pipeline and 10 energy transfer stations with a total capacity of 36,000 RT. "We are delighted with receiving this contract, particularly because it is the third district cooling plant contract awarded to us in Saudi Arabia since May 2010," said Charles Chebl, Executive Vice-President, SNC-Lavalin Group Inc. "This contract reflects our strategy of bringing the full spectrum of our global expertise to the region, and attests to SNC-Lavalin's world-class leadership in the district cooling sector." Engineering work on the project is underway, and construction is scheduled to begin in the third quarter of 2012. The first phase of the facility, a chilled water production plant with a capacity of 25,000 RT, is planned for December 2013. 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. 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 SNC-LAVALIN CONTACT: Media:Leslie QuintonSenior Vice-President, Global CorporateCommunicationsSNC-Lavalin Group Inc.514-390-8000, ext. 7354leslie.quinton@snclavalin.com Investors:Denis JasminVice-President, Investor RelationsSNC-Lavalin Group Inc.514-390-8000, ext. 7553denis.jasmin@snclavalin.com

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