Aecon Industrial awarded $116 million cogeneration project

Toronto, Ontario –November 2, 2007: Aecon Group Inc. (TSX: ARE) today announced that its Industrial Group has been awarded two contracts totaling $116 million by East Windsor Cogeneration LP. 

Under the main Aecon Engineering, Procurement, and Construction (EPC) contract, valued at $105 million, Aecon Industrial will construct the new 84-megawatt East Windsor Cogeneration Centre (EWCC), a high efficiency gas-fired electric power and steam cogeneration facility located in Windsor, Ontario. 

Upon substantial completion, scheduled for September 2009, the EWCC will provide electrical output to Ontario’s electricity market, and will also provide high-pressure and medium-pressure steam to the adjacent facilities of Ford Motor Company of Canada. East Windsor Cogeneration LP is a partnership between Pristine Power Inc. and Fort Chicago Energy Partners L.P. 

The EWCC’s steam generation units will be provided by Aecon’s wholly-owned subsidiary, Innovative Steam Technologies (IST) under a separate $11 million contract. IST will supply two compact Once-Through Steam Generator (OTSG) units for steam production. Aecon Industrial will install the OTSG units as part of the main EPC contract, and IST will provide installation supervision related to their equipment. 

"The electricity generation sector continues to be a key focus area for Aecon," said Paul P. Koenderman, Executive Vice President, Aecon Group Inc. and CEO, Aecon Industrial Group. "We have an industry leading track record for building highly-efficient cogeneration projects in Ontario, and we are pleased to be working with East Windsor Cogeneration on a project that involves both Aecon Industrial and IST.” 

"We are delighted to receive an order of this significance and to be working closely with Aecon Industrial,” said Bob Dautovich, President, Innovative Steam Technologies. “This project, combined with previous orders and other prospects, demonstrates IST's growing strength in the North American market." 

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 internationally.