Aecon celebrates completion of Bruce Power’s Unit 3 Major Component Replacement construction phase

A major milestone has been reached on Bruce Power’s Life-Extension Program and Major Component Replacement (“MCR”) Project with the successful completion of the construction phase on Unit 3 — the second of six units at the Bruce Power site undergoing full component replacement. The MCR project remains on budget and ahead of schedule as focus shifts to returning the unit to service in the coming months to power Ontario’s future.

“I want to congratulate the entire project team and Bruce Power for completing the construction phase on Unit 3 ahead of schedule — another outstanding achievement that reflects our commitment to disciplined execution,” said Aaron Johnson, Senior Vice President, Aecon Nuclear. “This milestone highlights the strength of Aecon and our project partnerships in delivering complex nuclear work safely, with exceptional quality, and cost and schedule performance.”

Aecon played a central role in delivering this complex work through two key partnerships – Shoreline Power Group, a joint venture between Aecon and AtkinsRéalis, and the Steam Generator Replacement Team, a joint venture between Aecon and Framatome. Aecon has more than 1,000 employees including trades and project staff supporting the Bruce Power Life-Extension Program and MCR Project.

“The successful completion of the Unit 3 construction phase is a clear demonstration of Aecon’s commitment to safety-first execution, continuous improvement, and innovation in nuclear refurbishment,” said Steven Gilroy, Vice President, Bruce Power Projects, Aecon Nuclear. “By continually advancing our tooling, processes, and project delivery methods, our teams and partners continue to raise the bar.”

The construction phase was completed alongside a multitude of talented and dedicated tradespeople from the Ontario Building Trades and included the removal and replacement of 480 fuel channels and 960 end fittings, as well as eight steam generators.

Bruce Power will begin refueling the unit with 5,760 fuel bundles later this month, while other lead-out activities and regulatory inspections will be completed to return it to Ontario’s electricity grid.

About Aecon

Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.

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The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon, including statements regarding the anticipated completion of the project and the anticipated clearance of regulatory inspections. Forward-looking statements may in some cases be identified by words such as “may,” “will,” “expects,” “target,” “future,” “plans,” “believes,” “anticipates,” “estimates,” “projects,” “intends,” “should” or the negative of these terms, or similar expressions.

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