Hydro-Quebec awards utility pole, transmission line contracts to CVTech Group

DRUMMONDVILLE, Que. – CVTech Group Inc. (TSX:CVT) has won $39-million worth of contracts, mainly related to installing utility poles and building electricity transmissions in the province of Quebec.

Hydro-Quebec accounts for most of the contracts announced Wednesday by CVTech, based in Drummondville, Que.

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It has hired CVTech’s subsidiary Thirau Ltd. to install poles and anchors for electrical distribution lines in the provincial utility’s Richelieu territory. That two-year contract is worth nearly $21 million, with work beginning this month.

CVTech says about 50 employees will be assigned to this project.

In addition, Hydro-Quebec has awarded three other contracts worth a total of $12.3 million for the construction of electricity transmission lines and Bell Canada (TSX:BCE) has awarded Thirau a $5.6-million contract to install poles in the Montreal South Shore area and Sherbrooke region.