SNC-Lavalin announced in February that it is obtaining full ownership of AltaLink LP, an independent transmission company that operates 11,800 km of transmission lines and 270 substations in Alberta.
SNC-Lavalin, which already holds a 76.92% interest in AltaLink, bought the remaining interest from Macquarie Essential Assets Partnership for $213 million. The transaction is subject to closing conditions and regulatory approval.
“AltaLink is a core investment for SNC-Lavalin,” says Gilles Laramee, the company’s executive vice president and chief financial officer. “It has a proven track record, and we trust it will continue to provide excellent services to the people of Alberta.”