The $962m contract includes construction of a power house, intake and gated spillway for the project with the total work expected to take four years. The scope of the contract also includes an option for the construction of the dam for a value which is still under negotiations.

The company has won a contract from Nalcor Energy for the construction of major civil works of the project in October 2013.

The project, which also includes a 750m long dam over the Churchill River, along with the Gull Island project, is part of a larger plan to develop the lower Churchill River with a total capacity of 3GW.

The $7.4bn project is located on the Lower Churchill River, around 30km west of Happy Valley-Goose Bay.