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
Kenya on Course for $5 Billion Nuclear Plant to Power Industry
KENYA - Kenya’s nuclear agency submitted impact studies for a $5 billion power plant, and said it’s on course to build and start operating the facility in about seven years.
The government plans to expand its nuclear-power capacity fourfold by 2035, the Nuclear Power and Energy Agency said in a report on the National Environment Management Authority’s website. The document is set for public scrutiny before the environmental watchdog can approve it, and pave the way for the project to continue.
President Uhuru Kenyatta wants to ramp up installed generation capacity from 2,712 megawatts as of April to boost manufacturing in East…
