CVTech energy units win five contracts worth total of $38 million

DRUMMONDVILLE, Que. – CVTech Group Inc. (TSX: CVT) has won $38 million worth of contracts through its energy subsidiaries.

Riggs Distler & Co. received three of the five contracts while Thirau Ltd. and J.J.L. Deboisement inc. each received a Hydro-Quebec contract.

Among the orders received by Riggs Distler is a US$9.5-million contract for the installation of two rapid-start coal-fired boilers at the Grays Ferry power plant in Philadelphia.

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The project is scheduled to start soon and conclude in July 2012. It will employ up to 80 workers at the power plant, which is owned by Veolia Energy North America.

Riggs Distler has also won a US$8.0-million engineering procurement and construction contract for the installation of a five megawatt utility-grade photovoltaic solar electric system in southern New Jersey.

Up to 80 employees will be assigned to the New Jersey solar project.

The third contract to Riggs Distler is worth up to US$4 million and calls for the design and installation of up to 800 electricity distribution poles in New Jersey in the first half of 2012. That would require 25 employees.

CVTech says Hydro-Quebec has awarded a contract worth $6.8-million to Thirau for the construction of a 37-kilometre transmission line connecting a wind farm at St-Robert-Bellarmin.

Its J.J.L. Déboisement subsidiary has received a $10-million contract from Hydro-Quebec for the control of vegetation on rights-of-way of distribution lines over two years.