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.
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MONTREAL - Hydro-Québec expects the coronavirus pandemic to chop “hundreds of millions of dollars” off 2020 profits, its new chief executive officer said.
COVID-19 has depressed revenue by about $130 million between March and June, Sophie Brochu said Monday. Shrinking electricity exports to the U.S. northeast are poised to compound the shortfall, she said.
“What we’re living through is not small. The impacts are real,” Brochu said on a conference call with reporters. “I’m not talking about a billion. I’m talking about hundreds of millions. We have no idea how quickly the economy will restart. As we approach the fall we will…
