SNC-Lavalin to build Alaska power plant
The contract, estimated by an analyst to add around US $180-million to SNC's backlog of work, was awarded by Chugach Electric Association, Alaska's largest electric utility. The natural gas-fired plant will be built in Anchorage.
The project represents about 19 of SNC's power-project backlog as of the first quarter of this year, said NCP Northland Capital Partners analyst Maxim Sytchev. He expects the power division to contribute 15 of SNC's revenues and operating income this year.
Related News

Nevada on track to reach RPS mandate of 50% renewable electricity by 2030: report
CARSON CITY - Nevada is on track to meet its Renewable Portfolio Standard of 50% of electricity generated by renewable energy sources by 2030, according to the Governor's Office of Energy's annual Status of Energy Report.
Based on compliance reports the Public Utilities Commission of Nevada has received, across all providers, about 20% of power is currently generated by renewable resources, and filings show Nevada's investor-owned utility and other power providers have plans to reach the state's ambitious RPS of 50% by 2030, according to the report released Jan. 28.
"Because transportation and electricity generation are Nevada's two largest contributors to greenhouse…