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SNC-Lavalin awarded contract for Jimmie Creek hydro project

Canada's SNC-Lavalin (TSX: SNC) has been awarded the engineering, procurement and construction management (EPCM) contract for the Jimmie Creek hydro project in British Columbia by Plutonic Upper Toba Holdings Inc., a subsidiary of Alterra Power Corporation (TSX: AXY), which will own the project in partnership with a fund managed by Fiera Axium Infrastructure, Inc. SNC-Lavalin's contract is valued at $30.5 million.

The project will consist of a run-of-river hydro generation facility on Jimmie Creek in the Toba Valley near Powell River, British Columbia. A rubber dam will be installed across the creek to divert flow into a three-kilometre-long buried penstock and surface powerhouse with two 32.5-MW units. SNC-Lavalin will undertake the EPCM services for this part of the project, while also providing environmental supervision and transmission line design services.

Work on Jimmie Creek began in 2012 with the initial project definition phase, and proceeded into implementation with the signing of the EPCM contract in June 2014. On-site activities began on March 1, 2014, and the targeted in-service date for the project is July 2016.



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