October 22, 2013
by PurchasingB2B Staff
DRUMMONDVILLE, QC—Subsidiaries of CVTech Group Inc have been awarded new contracts with an aggregate value of approximately $45.8 million, the company said. First, the subsidiary Thirau ltée has obtained two contracts from Hydro-Quebec with a total value of approximately $21.1 million.
- A contract valued at about $20.6 million for the construction of a new 230 kV, double-circuit electricity transmission line spanning 33 kilometers between the Saint-Cesaire and Bedford substations in the Monteregie region. This line will enhance the reliability of the regional electrical network and exchanges between Quebec and Vermont. Construction work will begin before the end of October and should spread out until May 2014. In addition, certain line rearrangement work at the aforementioned substations will be carried out until October 2014.
- A contract valued at nearly $500,000 to proceed with pole planting work in the North Shore region. Work will begin before the end of October and will be carried out over a period of about five months.
Second, the U.S. subsidiary Riggs Distler & Company, Inc won two contracts worth a value of US$17.0 million (Cdn $17.5 million).
- A multi-year contract worth a total value of US$12.0 million for the operation and maintenance of a 40 MW solar panel array located in New Jersey. Execution of the contract is scheduled to begin before the end of 2013 and will be spread out over a three-year period concluding near the end of 2016.
- A US$5.0 million contract from an important utility service provider in New Jersey to rebuild a 138 kV electricity transmission line. The project should begin in the fourth quarter of 2013 and should be completed during the first quarter of 2014.
Finally, the Ontario-based subsidiary Riggs Distler Inc landed a $7.2 million contract for the maintenance and upgrade of the electricity distribution network of an important utility service provider in Toronto. Execution of the contract will begin in the fourth quarter of 2013 and will be carried out over a one-year period.
“These contract awards once again highlight the leadership of our subsidiaries in their respective markets,” said Andre Laramee, president and CEO of CVTech. “On the one hand, Thirau enjoys a solid longstanding business relationship with Hydro-Quebec, while RDC confirmed its leading position as a trusted service provider to the solar energy industry. Moreover, RDI continues to further enhance its presence and reputation in the important Ontario market.”