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Press release from CNW Group

Aecon awarded biomass power contract

Thursday, August 02, 2012

Aecon awarded biomass power contract17:10 EDT Thursday, August 02, 2012TORONTO, Aug. 2, 2012 /CNW/ -Aecon Group Inc. (TSX:ARE) announced today that Ontario Power Generation (OPG) has signed a contract awarding Aecon's Industrial division design and construction work for the Atikokan Generating Station (GS) biomass conversion project.Aecon will be responsible for the design and construction of the fuel handling and storage systems for the generating station conversion. The value of the contract is approximately half of the $170 million project.The Atikokan GS will be one of the largest biomass plants in North America, with more than 200 MW of capacity. It will generate renewable, dispatchable, peak capacity power. This project will include plant modifications and the construction of a fuel storage and handling system to manage the biomass fuel. The converted facility will provide renewable electricity generation from a sustainable fuel recognized as beneficial to climate change mitigation."Aecon is pleased to be an integral part of another OPG clean energy project," said Teri McKibbon, Aecon's Chief Operating Officer.Construction on the facility is currently ramping up and the project is expected to be completed in 2014.Aecon Group Inc. is one of Canada's largest and most diverse construction and infrastructure development companies.  Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and on a selected basis internationally.  Aecon is pleased to be recognized as one of the Best Employers in Canada.SOURCE: Aecon Group Inc.For further information: Vince Borg Senior Advisor, Corporate Affairs, Aecon Group Inc. 416-297-2615 aecon@aecon.com www.aecon.com