Aecon Partnership Executes Agreement for the Mactaquac Life Achievement Project

According to the available information from Aecon Group Inc., Mactaquac Improvement Partnership, a general partnership in which Aecon holds a 33.3% interest, has executed a development phase agreement with New Brunswick Power Corporation to deliver civil works on the Mactaquac Life Achievement Project at the 672 MW Mactaquac Generating Station.

Under an Early Contractor Involvement approach, Mactaquac Improvement Partnership, comprised of Aecon, FlatironDragados and Green Infrastructure Partners, will advance design, schedule and cost estimates of various elements of the project with NB Power during a collaborative 12-month development phase. Upon successful completion of the development phase, the construction phase is expected to commence in the second quarter of 2027, under a target price model, with completion anticipated in 2039.

The Mactaquac Life Achievement Project will rehabilitate the Mactaquac Generating Station to ensure the station can operate to its intended 100-year lifespan.

The civil works scope includes rehabilitation of the powerhouse and spillways, the replacement of six turbines, upgrading electrical and mechanical components, and enhancing upstream and downstream water storage and environmental infrastructure to support the Saint John River ecosystem.

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