11:22 AM EDT, 05/08/2025 (MT Newswires) -- Aecon Group ( AEGXF ) on Thursday said its Aecon ( AEGXF )-led partnership, Aecon Kiewit Nuclear Partners, was awarded an alliance construction contract by Ontario Power Generation for the execution phase on the Darlington New Nuclear Project in Clarington, Ontario.

Aecon Kiewit Nuclear Partners is a general partnership between Aecon ( AEGXF ) and Kiewit Nuclear Canada.

The company said its share in the contract is valued at around $1.3 billion and that it will added to its construction segment backlog in the second quarter of 2025.

The company added the project is being delivered under an Integrated Project Delivery model and that Aecon Kiewit Nuclear Partners will work collaboratively with partners Ontario Power Generation, GE Vernova Hitachi Nuclear Energy and AtkinsRealis ( SNCAF ) during the execution phase to deliver "North America's first grid-scale Small Modular Reactor".

Completion and commercial operation are expected in 2030.

"OPG's Darlington New Nuclear Project is a trailblazing undertaking - leading the way in delivering the next generation of nuclear plants across North America and internationally," said Chief Executive Officer Jean-Louis Servranckx. "Aecon ( AEGXF ) is proud to bring its diverse nuclear expertise and multidisciplinary capabilities to play a prominent role in safely executing this exciting project to meet the energy demands of future generations in Ontario."

The company's shares were last seen up $0.10 to $17.97 on the Toronto Stock Exchange.

Price: 17.97, Change: +0.10, Percent Change: +0.56