Aecon Group Inc. announced that Ontario Power Generation (OPG) has awarded a 50/50 joint venture between Aecon and SNC-Lavalin Nuclear Inc. a $2.75 billion contract to carry out the execution phase of its Re-tube and Feeder Replacement project for the Darlington Nuclear Generating Station Refurbishment Program. The execution phase scope of work includes refurbishment of the reactor cores to replace critical components at the Darlington Nuclear Generating Station, using the tools and methods that were developed and tested during the project's definition phase carried out by the joint venture. The execution phase is targeted to commence in 2016 and will take approximately ten years.

Aecon's $1.375 billion share of the contract will be added to its Energy segment backlog in the first quarter of 2016.