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The Market Online
16-05-2025
- Business
- The Market Online
AtkinsRéalis secures major contract to refurbish historic Isle-Maligne hydropower plant
AtkinsRéalis Group (TSX:ATRL) has been awarded a significant seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydropower plant in Alma, Québec Commissioned in 1926 as the world's largest hydropower facility at the time, the Isle-Maligne plant is set to undergo a comprehensive modernization to extend its operational life well into the future Under the terms of the agreement, AtkinsRéalis will deliver execution engineering, integrated procurement, and construction management services. AtkinsRéalis Group stock (TSX:ATRL) opened trading at C$84.30 AtkinsRéalis Group (TSX:ATRL) has been awarded a significant seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydropower plant in Alma, Québec. Commissioned in 1926 as the world's largest hydropower facility at the time, the Isle-Maligne plant is set to undergo a comprehensive modernization to extend its operational life well into the future. Under the terms of the agreement, AtkinsRéalis will deliver execution engineering, integrated procurement, and construction management services. 'We've specialized in executing large-scale hydropower projects for over a century and the life extension work on this historic hydropower plant will be guided by our commitment to sustainability and our purpose—to engineer a better future for our planet and its people,' AtkinsRéalis' president and CEO, Ian Edwards said in a news release. 'Our long-standing partnership with Rio Tinto is based on effective collaboration and our proven ability to work and deliver on complex, high-impact projects.' Stéphanie Vaillancourt, AtkinsRéalis' Canadian president added. 'Collaboration, excellence, resilience and health-safety will be the driving forces behind our work on this project. These principles are essential for empowering the surrounding communities and advancing the development of a low-carbon economy.' The refurbishment will involve replacing eight of the plant's 12 turbine-alternator groups and upgrading associated water passages. Additionally, the project will include architectural, structural, electrical, and mechanical enhancements across the balance of the plant. AtkinsRéalis will leverage its cross-regional teams to execute the project, drawing on its extensive experience in hydropower modernization. The company has previously led major refurbishment efforts including Rio Tinto's Shipshaw Expansion Project, Ontario Power Generation's Calabogie Redevelopment, and BC Hydro's John Hart Generating Station Replacement. The Isle-Maligne project is expected to contribute significantly to the region's energy resilience and economic development. AtkinsRéalis provides engineering and nuclear energy solutions across the world, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design, procurement, project and construction management, operations and maintenance, decommissioning and capital. AtkinsRéalis Group stock (TSX:ATRL) opened 0.09 per cent lower at C$84.30 but has risen 62.26 per cent since this time last year. Join the discussion: Find out what everybody's saying about AtkinsRéalis on the AtkinsRéalis Group Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Cision Canada
16-05-2025
- Business
- Cision Canada
AtkinsRéalis Awarded Project Management Contract to Refurbish Isle-Maligne Hydropower Plant in Quebec Français
MONTREAL, May 16, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, announced today that it has been awarded a seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydropower plant in Alma, Quebec. AtkinsRéalis will provide execution engineering, integrated procurement, and construction management services to extend the hydropower plant's operational life for decades to come. "We've specialized in executing large-scale hydropower projects for over a century and the life extension work on this historic hydropower plant will be guided by our commitment to sustainability and our purpose—to engineer a better future for our planet and its people," said Ian L. Edwards, President and CEO of AtkinsRéalis. Commissioned in 1926 as the world's largest hydropower plant, Isle-Maligne 1 is set to undergo a comprehensive refurbishment. AtkinsRéalis' cross-regional teams will use cutting-edge technologies and best practices to replace eight of the 12 turbine-alternator groups and upgrade corresponding water passages, along with the architectural, structural, electrical, and mechanical elements of the balance of the plant. "Our long-standing partnership with Rio Tinto is based on effective collaboration and our proven ability to work and deliver on complex, high-impact projects." said Stéphanie Vaillancourt, President, Canada, AtkinsRéalis. "Collaboration, excellence, resilience and health-safety will be the driving forces behind our work on this project. These principles are essential for empowering the surrounding communities and advancing the development of a low-carbon economy." Past hydropower plant refurbishment mandates by AtkinsRéalis include the Rio Tinto's Shipshaw Expansion Project, OPG's Calabogie Redevelopment project, and BC Hydro's John Hart Generating Station Replacement project. About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us on LinkedIn. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Un certainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
Yahoo
16-05-2025
- Business
- Yahoo
AtkinsRéalis Awarded Project Management Contract to Refurbish Isle-Maligne Hydropower Plant in Quebec
MONTREAL, May 16, 2025 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, announced today that it has been awarded a seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydropower plant in Alma, Quebec. AtkinsRéalis will provide execution engineering, integrated procurement, and construction management services to extend the hydropower plant's operational life for decades to come. "We've specialized in executing large-scale hydropower projects for over a century and the life extension work on this historic hydropower plant will be guided by our commitment to sustainability and our purpose—to engineer a better future for our planet and its people," said Ian L. Edwards, President and CEO of AtkinsRéalis. Commissioned in 1926 as the world's largest hydropower plant, Isle-Maligne1 is set to undergo a comprehensive refurbishment. AtkinsRéalis' cross-regional teams will use cutting-edge technologies and best practices to replace eight of the 12 turbine-alternator groups and upgrade corresponding water passages, along with the architectural, structural, electrical, and mechanical elements of the balance of the plant. "Our long-standing partnership with Rio Tinto is based on effective collaboration and our proven ability to work and deliver on complex, high-impact projects." said Stéphanie Vaillancourt, President, Canada, AtkinsRéalis. "Collaboration, excellence, resilience and health-safety will be the driving forces behind our work on this project. These principles are essential for empowering the surrounding communities and advancing the development of a low-carbon economy." Past hydropower plant refurbishment mandates by AtkinsRéalis include the Rio Tinto's Shipshaw Expansion Project, OPG's Calabogie Redevelopment project, and BC Hydro's John Hart Generating Station Replacement project. ____________________________ 1 Source: Répertoire du patrimoine culturel du Québec, (French only) About AtkinsRéalis Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital. News and information are available at or follow us on LinkedIn. Forward-Looking Statements References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2024 annual management disclosure & analysis ("2024 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at and on the Company's website at under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2024 MD&A (particularly in the section entitled "Risk and Un certainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement. SOURCE AtkinsRéalis View original content to download multimedia: Sign in to access your portfolio
