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SNC-Lavalin

04:55 PM EST - SNC-Lavalin : SNC-Lavalin said on Monday it has signed a $587 million contract to develop a hydroelectric generating plant in British Columbia, after it was chosen as the preferred bidder 18 months ago. Canada's biggest engineering company, will design and build the Waneta Expansion, a 335 megawatt power facility on the Pend d'Oreille River in southeastern British Columbia, which had been stalled due to delays in getting financing. SNC-Lavalin shares T.SNC are trading off 39 cents at $52.61.