SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of: February, 2020
Commission File Number: 001-32562
STANTEC INC.
(Name of Registrant)
400 10220 103 Avenue NW
Edmonton, Alberta
Canada T5J 0K4
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☐ Form 40-F ☒
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
STANTEC INC. | ||||||||
Date: February 20, 2020 | By: | /s/ Theresa B. Y. Jang | ||||||
Name: | Theresa B. Y. Jang | |||||||
Title: | Executive Vice President and CFO |
EXHIBIT INDEX
Exhibit |
Description of Exhibit | |
99.1 | Press Release Stantec selected as Owners Engineer for Tina River Hydropower Project
The 15-megawatt project will reduce the Solomon Islands dependence on fossil fuels |
Exhibit 99.1
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News Release |
Stantec selected as Owners Engineer
for Tina River Hydropower Project
The 15-megawatt project will reduce the Solomon Islands dependence on fossil fuels
Edmonton, AB; New York, NY; Christchurch, NZ (February 20, 2020) TSX, NYSE: STN
Tina Hydropower Ltd. (THL) has selected global design firm Stantec to serve as Owners Engineer for the 15-megawatt (MW) Tina River Hydropower Project. Once complete, the project will reduce the countrys reliance on fossil fuels while also reducing the cost of electricity. The project is being constructed and operated by THL, formed by Korea Water Resources Corporation (K-water) and Hyundai Engineering Corporation Ltd. (HEC).
This project is the first large-scale infrastructure in the Solomon Islands to be developed as a public-private partnership. The completed $240 million financing package for the total project includes loans and grants from six institutions.
The Solomon Islands, located in the Pacific Ocean northeast of Australia, is nearly entirely reliant on imported diesel fuel. The new hydropower project will reduce the island nations reliance by nearly 70 percent once completed in 2025. The project will include a 75-meter (246-foot) -high roller-compacted concrete dam, 3.5 kilometers (2.17 miles) of tunnels, access roads, penstock and powerhouse housing three 5MW turbine generators.
Reducing the nations reliance on imported diesel fuel makes the Solomon Islands a global leader in renewable energy, said Andrew Bird, Asia Pacific Power and Dams Lead for Stantec. We are proud to partner with THL to deliver this important project.
Stantec has a long history of working in the Pacific. The team has delivered numerous hydropower projects in the region including the 42MW Nadarivuatu Hydroelectric Scheme in Fiji and six small hydropower projects in Samoa, one of which was the Tafitoala-Fausaga Hydropower Project. Currently the team is working on hydropower projects in Vanuatu, Fiji and Samoa. Island nations across the region are facing the impacts of climate change firsthand and as a result, they are finding innovative solutions for clean alternative energy sources.
Stantecs Power and Dams team develops energy solutions designed to support the changing needs of global communities. Contributing to the companys focus on Energy Remix outlined within its Strategic Plan, Stantecs Power and Dams portfolio spans some of the most prestigious projects in the world, from the Panama Canal Expansion, to the Warragamba Dam raise in Australia. To learn more, visit: www.stantec.com/hydro
About Stantec
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. Thats why at Stantec, we always design with community in mind.
We care about the communities we servebecause theyre our communities too. This allows us to assess whats needed and connect our expertise, to appreciate nuances and envision whats never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.
Were designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.
Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding the project described above, including statements regarding Stantecs role and involvement on the project. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. There is a risk that the project described above may be delayed, cancelled, suspended or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided herein for the purpose of giving information about the proposed project referred to above and their expected impact. Readers are cautioned that such information may not be appropriate for other purposes.
Media Contact
Danny Craig
Stantec Media Relations
Ph 949-923-6085
Danny.craig@stantec.com
Investor Relations Contact
Cora Klein
Ph: 780-969-2018
cora.klein@stantec.com
Design with community in mind