Aecon Group Inc. announced that it has been awarded a USD 200 million contract by Dominion Energy for the replacement of Condensers and Feedwater Heaters at the North Anna Power Station in Mineral, Virginia. The value of the contract will be added to Aecon's Construction segment backlog in the fourth quarter of 2023. The scope of work includes planning, design and the replacement of condenser tube bundles and the 5th and 6th point feedwater heaters at the North Anna Power Station.

Planning is expected to commence in the first quarter of 2024, with completion of the project anticipated in the second quarter of 2027. The North Anna Power Station produces 17% of Virginia's electricity and supplies power to over 450,000 homes through the operation of two units. Aecon is also currently working on the two largest nuclear refurbishment projects in Canada, delivering the first grid-scale Small Modular Reactor in North America, as well as executing the Savannah River Nuclear Solutions Dismantlement and Removal project in South Carolina.