The 10-year contract to be worth $135 million
MONTREAL: SNC-Lavalin has been awarded a 10-year contract to operate and maintain the King Abdullah Petroleum Studies and Research Center (KAPSARC) project in Riyadh, Kingdom of Saudi Arabia. The estimated value of the contract is $135 million.
With a mandate to do high-calibre research in energy economics, policy, technology and the environment, the KAPSARC project consists of three major components: a 65,000-sqm research and office complex, a residential community that will accommodate approximately 1,000 residents and a utility zone to serve them. This zone consists of a central utility plant with a five-MW photovoltaic array, water storage tanks, a chilled water plant, a site operations and maintenance building and transportation operations. SNC-Lavalin will provide integrated facility and community management services to the project.
“We are delighted by the opportunity to be involved in such a state-of-the-art facility,” said Charlie Rate, executive vice-president, SNC-Lavalin Group Inc. “We continue to solidify our footprint in the Kingdom of Saudi Arabia, a key market for our business.” KAPSARC received the first Leadership in Energy and Environmental Design (LEED) for Homes certification outside of North America and it is the largest residential development project to earn the certification in the world.