Aecon Group Secures $4.6 Billion Contract for Major Power Generation Project in Alberta

📅 2 weeks ago

Aecon Group Inc. has been awarded a multibillion-dollar contract for the Greenlight Electricity Centre project in Sturgeon County, Alberta, which is set to become one of the province's largest sources of dispatchable power generation.

TORONTO — Aecon Group Inc. has announced that it, in partnership with Técnicas Reunidas Alberta, Inc., has secured a multibillion-dollar contract from Greenlight Electricity Centre Limited Partnership for a significant project located in Sturgeon County, Alberta. This consortium, which is led by Aecon, is also joined by Pembina Pipeline Corporation, Morgan Stanley Infrastructure Partners, and Kineticor Asset Management. The total anticipated cost for the Greenlight Electricity Centre (GLEC) project is approximately $4.6 billion, with Aecon’s share of the contract valued at $1.7 billion. This award comes after the consortium has completed preliminary engineering and development work for the project. The GLEC will consist of a natural gas-fired combined cycle power generation facility with a generation capacity of 932 megawatts designed to cater to a major data center development. There is potential for expansion, which could increase the generation capacity to 1,864 MW. The project is aimed at supplying electricity to a data center that will be co-located with the facility and is expected to emerge as one of Alberta’s largest new sources of dispatchable power generation. "The rapid advancement of AI infrastructure, data centers, digital transformation, and economic growth are driving one of the most significant power infrastructure investment cycles, resulting in unprecedented demand for power generation in North America," stated Jean-Louis Servranckx, president and CEO of Aecon Group Inc. He emphasized that this contract reflects Aecon’s diverse capabilities in supporting digital sovereignty and delivering large-scale, mission-critical infrastructure in sectors that will see long-term demand for power generation and grid expansion. The construction scope of the project will encompass civil works for both existing and future power islands, as well as piping, mechanical, structural, electrical, and instrumentation work for the balance of plant, gas metering station, switchyard, and substation. Construction activities are slated to begin in the third quarter of 2026, with an expected completion date set for 2030.

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