London, United Kingdom (17 October 2005) - AMEC plc, the international project management and
services company, has been awarded a major contract, worth up to Cdn$510 million (£245 million), to
manage the restart of two nuclear reactors at the Bruce A power station in Ontario, Canada.
This follows the announcement today by Bruce Power, the Canadian nuclear power generator, that it
will launch a Cdn$4.25 billion (£2 billion) investment programme to secure the long-term future of its
3,000MW Bruce A nuclear power station. The transaction is expected to close in the next few weeks
with work starting immediately thereafter.
"We expect to see a wave of investment as governments and companies worldwide start to look afresh
at nuclear power," said Sir Peter Mason, Chief Executive of AMEC. "In winning this contract we have
secured the first major new opportunity available in our home markets. We expect this to be just the
start as we deliver on our strategy of securing high value services work across the nuclear sector in the
coming years, from project management of reactor refurbishment and new build programmes through
operations and maintenance contracts to decommissioning and clean-up."
The contract is the first major win for AMEC Nuclear, which was created in July 2005 following the
acquisition by AMEC of the UK's leading private sector nuclear services company, NNC Holdings Ltd. It
was won on the back of AMEC's experience in the nuclear sector, its expertise in large scale project,
contract and construction management and the reputation of its proprietary project management
system Convero.
Work is scheduled for completion in late 2009, after which the two reactors (Units 1 and 2), which will
produce a combined total of 1,500MW of emission-free electricity, are expected to have a minimum
lifespan of 25 years. Reactors suited to similar life extension programmes are located in countries
including South Korea, Argentina and Romania.
Contacts:
| AMEC plc |
+44 (0)20 7634 0000 |
| Neil Jamieson, Director of Investor Relations |
|
| Juliet Sychrava, Director of Corporate Communications |
|
| Charles Reynolds, Head of Media Relations |
|
Notes to editors:
AMEC Nuclear has been working with Bruce Power since May 2001 and provides engineering solutions
and safety consultancy services throughout the life cycle of nuclear facilities in Canada, the UK and
across the former Soviet Union.
Bruce Power is Ontario's largest independent generator and a partnership among TransCanada
Corporation, BPC Generation Infrastructure Trust, Cameco Corporation, the Power Workers' Union and
The Society of Energy Professionals.
AMEC plc is an international project management and services company that designs, delivers and
supports infrastructure assets for customers worldwide across the public and private sectors. AMEC
employs 44,000 people in more than 40 countries, generating annual revenue of around £5 billion.
AMEC's shares are traded on the London Stock Exchange where the company is listed in the Support
Services sector (LSE: AMEC.L).