Aecon joint venture awarded Fuel Channel and Feeder Replacement contract
The scope of work includes an internal reactor inspection, the removal and replacement of calandria tubes, pressure tubes, and feeder tubes, as well as project management.
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TORONTO — Aecon Group Inc. announced on Dec. 17 that Shoreline Power Group, a joint venture between Aecon (55%), SNC-Lavalin (30%) and United Engineers & Constructors (15%), has been awarded an approximately $400 million contract by Bruce Power to execute the Unit 3 Fuel Channel and Feeder Replacement (FCFR) at the Bruce Nuclear Generating Station in Tiverton, Ontario. Aecon’s share of the contract will be added to its Construction segment backlog in the fourth quarter of 2021.
The scope of work includes an internal reactor inspection, the removal and replacement of calandria tubes, pressure tubes, and feeder tubes, as well as project management, construction management and field execution. Preparatory work is expected to commence in early 2022, with anticipated completion in 2026.
Shoreline Power Group is currently executing FCFR work on Unit 6, with the majority of work expected to be completed by the end of 2022. In 2018, the joint venture signed a Preferred Supplier Agreement for FCFR work at the plant’s remaining five units as part of the Bruce Major Component Replacement (MCR) program. With the award of Unit 3, there are four units remaining.
“We are proud of the progress that has been made by Shoreline Power Group to successfully execute FCFR work on Unit 6, and the award of Unit 3 further strengthens our long-term partnership with Bruce Power to continue advancing the MCR program,” said Jean-Louis Servranckx, President & Chief Executive Officer, Aecon Group Inc. “We look forward to working with Bruce Power and our partners to deliver this important project safely and with unwavering execution performance. As part of the Steam Generator Replacement Team (SGRT), Aecon is also currently contracted to replace steam generators at Units 3, 4 and 6. We are pleased to play a critical role in extending the operating life of the Bruce Nuclear Generating Station to 2064 through these projects – providing clean, reliable, low-cost energy to Ontarians for decades.”
“We are making this significant contract award with the confidence that the members of the Shoreline Power Group have demonstrated the experience and commitment to safety, quality and innovation to successfully deliver this key part of our Life Extension program,” said Mike Rencheck, President & Chief Executive Officer, Bruce Power.
Aecon also announced the Board of Directors has approved its next quarterly dividend of 17.5 cents per share. The dividend will be paid on January 5, 2022 to shareholders of record as of December 24, 2021.