After 50-plus years in the making, the Alaska state Legislature recently gave the Alaska Energy Authority approval to build and own a new dam on the Sustina River in the Watana area. The 600-MW hydroelectric dam will be the first of its kind built in the United States in more than two decades. Photo By Google Courtesy Of Alaska Energy Authority The Sustina River dam site was first proposed in the 1950s, but the project was stalled by cost estimates. Gov. Parnell supports its revival as a component of renewable-energy goals. Preliminary work on the $4.5-billion Sustina Hydroelectric Power Project,
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.