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Stantec Selected to be Lead Electricity Transmission Project Consultant for $630M Compact in Nepal

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Stantec chosen to prepare, design, and supervise construction of one
of Nepal's largest donor-funded energy projects, supporting
OMCN/MCA-Nepal in improving electricity supply for millions of consumers

TSX, NYSE:STN

Office of Millennium Challenge Nepal (OMCN), soon to be known as
Millennium Challenge Account Nepal (MCA-Nepal), has selected Stantec to
provide project preparation and technical supervision services for the
high-voltage transmission and substation activities of a large
electricity transmission project. This transformational energy project
is funded by the Millennium Challenge Corporation (MCC) as the primary
component of their $500M (USD) five-year Compact with the Government of
Nepal, the agency's first in South Asia. The Government of Nepal has
also contributed an additional $130M (USD) to support the Compact.

The critical infrastructure provided by MCA-Nepal will improve the
supply and reliability of electricity for millions of residential and
commercial consumers, enhance the provisions of critical social services
such as education and health care, and help attract greater private
sector investment. The multi-year Compact will see construction of 300
kilometers of 400-kilovolt transmission lines and three new substations
spanning an area roughly one-third the length of Nepal. Successful
completion of the project will significantly increase Nepal's
power-carrying capacity well beyond its current generation capacity. The
new infrastructure will also facilitate cross-border power trading with
India by allowing Nepal to export/import surplus electricity during the
wet/dry seasons. Lastly, the effort will contribute to the larger
objectives outlined in Nepal's Transmission System Master Plan. The
Master Plan is Nepal's framework to develop energy sector infrastructure
through domestic and foreign loans from other countries and investment
organizations, developed by the Ministry of Energy, Water Resources and
Irrigation.

The MCC is a US government agency working to reduce global poverty
through economic growth. Together with OMCN/MCA-Nepal, the host country
entity responsible for Compact implementation, MCC has created a
targeted investment program to tackle the inadequate supply of
electricity, a primary constraint to growth in Nepal.

Stantec's Washington, DC-based International Development Group (IDG),
which has been working on a variety of MCC-funded projects since 2006,
will lead the effort, linking their fundamental MCC institutional
knowledge and experience with the specialized high-voltage transmission
line and substation capabilities of Stantec's Canadian-based Power
group. Together, the teams will build on the extensive experience
Stantec has established over the past 20 years in Nepal's hydropower
sector.

Project management is being provided by Stantec teams in Washington, DC
and Kathmandu. The project team also includes two notable and
distinguished partner firms who are contributing to critical technical,
environmental and stakeholder engagement activities. Power Engineers, Inc.
is supporting key engineering tasks, and Environmental Resources Management
is supporting key environmental, social, and resettlement tasks.

"We are excited to be working with OMCN/MCA-Nepal on a project of such
national and regional importance. We have assembled a multi-disciplinary
team with a full spectrum of engineering, environmental, and social
specialists to tackle the unique challenges of working in Nepal's
mountainous terrain and ensure we can deliver the project in a timely
and sustainable manner," says Loren Labovitch, vice president and
director of Stantec's International Development Group. "This is the
essence of designing with community in mind. We look forward to the next
several years of collaboration to help strengthen Nepal's power network,
improve quality of life, and promote inclusive economic growth."

For more information about Stantec's projects and expertise in
international development and energy and resources, visit www.stantec.com.

About Stantec

Communities are fundamental. Whether around the corner or across the
globe, they provide a foundation, a sense of place and of belonging.
That's why at Stantec, we always design with community in mind.

We care about the communities we serve—because they're our communities
too. This allows us to assess what's needed and connect our expertise,
to appreciate nuances and envision what's never been considered, to
bring together diverse perspectives so we can collaborate toward a
shared success.

We're 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 Stantec's 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 its expected impact. Readers are cautioned that
such information may not be appropriate for other purposes.

Design with community in mind

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