Técnicas Reunidas has been awarded, in a 50% partnership with Ledcor Group, a contract by Suncor for the engineering, procurement, construction, commissioning and testing for the installation of two assigned MHPS 501JAC gas turbines. The cogeneration units will replace the three petroleum coke fired boilers at Suncor’s Oil Sands Base Plant, located approximately 25 kilometres north of Fort McMurray, Alberta, Canada. The cogeneration facility will provide reliable steam necessary for Suncor´s operations and generate approximately 800 megawatts (MW) of power. The power will be transmitted to the grid, providing reliable, baseload, low-carbon power, reducing the emissions intensity of the Alberta electrical grid.

The contract has an approximate value of 350 million euros. The Full Notice to Proceed (FNTP) was released on October 31, 2019 and the facility is expected to be in-service in the second half of 2023.

The project represents a new step that consolidates TR´s presence in Canada, where it has been executing projects since 2012, and is the second natural gas cogeneration project with Suncor.

Técnicas Reunidas is one of the main international companies for Engineering and Construction in the sectors of oil and gas, refining, petrochemical and energy generation and has a wide variety of clients around the world. Since 1959, TR has designed and constructed more than 1,000 industrial plants in over 50 countries.

Ledcor Group is one of North America’s most diversified construction companies, serving the civil & infrastructure, oil & gas, pipeline, building, mining, power, and telecommunications sectors. Ledcor Group also owns operations in property investment, forestry, aviation, and marine transportation services. Since 1947 the company has been growing with its clients and partners.

About Técnicas Reunidas

Técnicas Reunidas is one of the main international engineering and construction companies in the sectors of production of oil and gas, petrochemical and power generation for a wide range of clients worldwide. Since 1960 it has designed and built over 1000 industrial plants in over 50 countries.

About Suncor

Suncor Energy is Canada's leading integrated energy company. Suncor's operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. A member of Dow Jones Sustainability indexes, FTSE4Good and CDP, Suncor is working to responsibly develop petroleum resources while also growing a renewable energy portfolio. Suncor is listed on the UN Global Compact 100 stock index. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.