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Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 173,980,245
Close 2025-05-16 C$ 88.16
Market Cap C$ 15,338,098,399
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Atkinsrealis picked to refurbish Que. hydro power plant

2025-05-16 11:23 ET - News Release

Mr. Ian Edwards reports

ATKINSREALIS AWARDED PROJECT MANAGEMENT CONTRACT TO REFURBISH ISLE-MALIGNE HYDROPOWER PLANT IN QUEBEC

Atkinsrealis Group Inc. has been awarded a seven-year contract by Rio Tinto for the refurbishment of the Isle-Maligne hydro power plant in Alma, Que. Atkinsrealis will provide execution engineering, integrated procurement and construction management services to extend the hydro power plant's operational life for decades to come.

"We've specialized in executing large-scale hydro power projects for over a century, and the life extension work on this historic hydro power plant will be guided by our commitment to sustainability and our purpose -- to engineer a better future for our planet and its people," said Ian L. Edwards, president and chief executive officer of Atkinsrealis.

Commissioned in 1926 as the world's largest hydro power plant, Isle-Maligne1 is set to undergo a comprehensive refurbishment. Atkinsrealis's cross-regional teams will use cutting-edge technologies and best practices to replace eight of the 12 turbine-alternator groups and upgrade corresponding water passages, along with the architectural, structural, electrical and mechanical elements of the balance of the plant.

"Our long-standing partnership with Rio Tinto is based on effective collaboration and our proven ability to work and deliver on complex, high-impact projects," said Stephanie Vaillancourt, president, Canada, Atkinsrealis. "Collaboration, excellence, resilience and health/safety will be the driving forces behind our work on this project. These principles are essential for empowering the surrounding communities and advancing the development of a low-carbon economy."

Past hydro power plant refurbishment mandates by Atkinsrealis include: Rio Tinto's Shipshaw expansion project; Ontario Power Generation's Calabogie redevelopment project; and BC Hydro's John Hart generating station replacement project.

About Atkinsrealis Group Inc.

Created by the integration of long-standing organizations dating back to 1911, Atkinsrealis is a world-class engineering services and nuclear company dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. Atkinsrealis deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including: consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of the company's capabilities are delivered to clients in strategic sectors, such as engineering services, nuclear and capital.

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