CVTech Group Inc. announced that its subsidiary Thirau ltée (Thirau), has been awarded two new contracts by Hydro-Québec with a total value of $14.1 million. These contracts are mainly related to the construction of electricity transmission and distribution lines in the province of Quebec. Work associated with both contracts should start soon.
The first contract, valued at more than $6.3 million, is part of the vast Romaine hydroelectric complex on Quebec's North Shore. This contract is the third awarded to Thirau in connection with this large-scale project. Under the terms of the agreement, Thirau will build a 34.5-kV, 33-km overhead distribution network to supply electricity to the Romaine III camp. Work should extend until the end of October 2012. Approximately 40 employees should be assigned to the project.
The second contract, valued at $7.8 million, is with regards to the construction of a 230-kV, double-circuit steel line for the addition of a second power supply to the Francheville substation and the dismantling of two circuits. Work should extend for a period of approximately 12 months and it is anticipated that about 60 employees will carry out the work.
"Since the start of 2012, Thirau has won contracts valued at over $72 million. This clearly highlights CVTech's leading position and expertise in the Energy sector. Quebec is investing like never before in its electrical infrastructures and we are favorably positioned to capitalize on all business opportunities that may arise in this sector," declared André Laramée, President and Chief Executive Officer of CVTech.
