DRUMMONDVILLE, Que. – Several contracts worth a total of about $60 million have been awarded to subsidiaries of CVTech Group Inc. (TSX:CVT), a Quebec-based construction and maintenance services company.
Hydro-Quebec has awarded contracts worth $10 million to CVTech subsidiary JJL Deboisement, for the control of vegetation on electricity distribution lines in the Montreal region.
Hydro-Quebec also awarded a contract to CVTech subsidiary Thirau Ltd. valued at about $6.3 million for the construction, maintenance and modification of overhead electricity distribution networks in Montreal.
In the U.S., subsidiary Riggs Distler & Company Inc. was awarded contracts totalling US$27.2 million for the installation of residential underground gas and electric services for a major utility service provider in Pennsylvania until the end of 2016.
U.S. subsidiary Thirau LLC was awarded several contracts representing US$13.5 million, including work for a utility service provider in New England for construction and maintenance work on its overhead and underground electricity distribution network, as well as the provision of rock drilling services.
“These contract awards highlight the solid position of our subsidiaries in their respective markets, as well as the strength of their relationships with leading utility service providers,” Andre Laramee, president and chief executive officer, said Thursday in a news release.
CVTech is a leading provider of construction and maintenance services to the public utility and heavy industrial markets mainly in Quebec, Ontario and the eastern United States.
Through its subsidiaries, it provides maintenance and construction services for electricity transmission and distribution networks, substations and electrical power houses, as well as the control of vegetation on rights-of-way for electrical lines.