Aecon joint venture awarded contract for the refurbishment of four units at the Pickering Nuclear Generating Station in Ontario

TORONTO, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) announced today that a joint venture between Aecon and AtkinsRéalis has been awarded a collaborative contract by Ontario Power Generation (“OPG”) which includes the definition phase work for the retube, feeder and boiler replacement of Units 5, 6, 7 and 8 at the Pickering Nuclear Generating Station in Ontario. Aecon holds a 50% interest in the joint venture and its share of the approximately $1.1 billion early works portion of the contract was added to its Construction segment backlog in the fourth quarter of 2024. The remaining portion of the contract is valued at approximately $1 billion, and Aecon will add its share to backlog in the first quarter of 2025.

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