Aecon Group Inc. (ARE.TO) announced that its wholly owned subsidiary, Innovative Steam Technologies, or IST, has been awarded two contracts totaling $8 million to supply its Once-Through Steam Generator, or OTSG, units to clients in Turkey.
The company said that first contract is for the design and supply of an OTSG unit for the Ataer industrial zone in Izmir, Turkey, a holiday town on the Agean coast. The project is scheduled for delivery in September 2009.
As per the terms of the second contract, IST will supply an OTSG unit to Ugur Enerji in Cerkezkoy, Turkey. The OTSG unit will operate in a cogeneration mode, producing steam energy for the textile industry in Turkey. The project is scheduled for a July 2009 delivery.
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