IST awarded four contracts totalling $40 million
2010年11月1日 - 8:00PM
PR Newswire (Canada)
CAMBRIDGE, ON, Nov. 1 /CNW/ -- CAMBRIDGE, ON, Nov. 1 /CNW/ - Aecon
Group Inc. (TSX:ARE) announced today that its wholly-owned
subsidiary Innovative Steam Technologies (IST), has been awarded
four contracts totalling $40 million dollars to supply its
Once-Through Steam Generators (OTSG), its Enhanced Oil Recovery
(EOR) technology, and silencing exhaust systems internationally.
Under the terms of the first contract, IST will design and
fabricate six replacement 50 mm Btu/hr Steam Assisted Gravity
Drainage convective sections for an EOR application operated by
Petroleos de Venezuela S.A. (PDVSA). Delivery of the units is
set for November 2010. The facility is in Lake Maracaibo, Venezuela
and represents IST's third EOR contract with PDVSA. Under the terms
of the second contract, IST will design and supply an OTSG unit for
Termica Colleferro Spa in Colleferro, Italy. The OTSG will be
installed in a new high-yield cogeneration power plant to recover
waste heat from a new gas turbine, and provide steam for both a
steam turbine generator, as well as industrial processes in the
local area. This is IST's fifth unit in Italy and is
scheduled for delivery in February 2011. Under the terms of the
third contract, IST will design and supply three OTSG units for
Chugach Electric Association and their partner Anchorage Municipal
Light & Power, in Anchorage Alaska. The units will be used to
capture waste heat from three gas turbines at the Southcentral
Power Project, with the recovered steam converted to generate extra
power without additional fuel. The units will be equipped
with emissions-controlling equipment designed to minimize the power
plant's impact on the environment. The units are scheduled
for delivery in June 2011. This is the second project for IST in
Alaska and will bring their installed count to four in the
state. Under the terms of the fourth and most recent
contract, IST will design and supply two silencing exhaust systems
for the 400 MW York Energy Centre in the Township of King,
Ontario. The systems will be designed to meet very stringent
sound and assembly requirements to minimize the impact at the
natural gas-fired electricity generation site. The systems are
scheduled for delivery in March, 2011. "Our goal is to
assist our customers in becoming more efficient by providing
quality, effective products designed to meet their individual
needs, and to date we have sold over 160 units worldwide," said IST
President, Bob Dautovich. "We are very pleased our EOR business is
gaining traction in major heavy oil markets around the globe."
Innovative Steam Technologies is a world leader in the design and
fabrication of Once-Through Steam Generators and is a wholly-owned
subsidiary of Aecon Group Inc. Aecon Group Inc. is Canada's
largest, publicly traded construction and infrastructure
development company. Aecon and its subsidiaries provide services to
private and public sector clients throughout Canada and on a
selected basis internationally. Aecon is pleased to be recognized
as one of the Best Employers in Canada as published by Maclean's
Magazine. The information in this press release includes certain
forward-looking statements. These "forward-looking" statements are
based on currently available competitive, financial and economic
data and operating plans but are subject to risks and
uncertainties. In addition to general global events outside
Aecon's control, there are factors which could cause actual
results, performance or achievements to vary from those expressed
or inferred herein including risks associated with an investment in
the common shares of Aecon and the risks related to Aecon's
business, including Large Project Risk and Contractual Factors.
Risk factors are discussed in greater detail in the section on
"Risk Factors" in the Final Short Form Prospectus filed on October
1, 2010 and available at www.sedar.com. Forward-looking
statements include information concerning possible or assumed
future results of operations or financial position of Aecon, as
well as statements preceded by, followed by, or that include the
words "believes," "expects," "anticipates," "estimates,"
"projects," "intends," "should" or similar expressions.
Important factors, in addition to those discussed in this document,
could affect the future results of Aecon and could cause those
results to differ materially from those expressed in any
forward-looking statements. %SEDAR: 00004778EF To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/November2010/01/c7309.html
pMitch Pattenbr/ Senior Vice Presidentbr/ Corporate Affairsbr/
Aecon Group Inc.br/ 416-297-2615br/ a
href="mailto:aecon@aecon.com"aecon@aecon.com/abr/ a
href="http://www.aecon.com/"www.aecon.com/a/p
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