A tensioner for tensioning foundation bolts generally used in securing large utility towers is provided. The tensioner generally comprises a hollow outer body through which the foundation bolt can extend. The lower end of the body, which is adapted to abut onto the foundation surface from which the bolt extends, is provided with an opening allowing access to a foundation nut threaded onto the foundation bolt. The upper end of the outer body slidingly receives therein an inner body with which it defines an annular hydraulic piston, the inner body being configured with a seat portion for receiving and engaging a split nut mounted to the foundation bolt. Upon providing hydraulic fluid to the tensioner, the hydraulic piston urges the split nut, engaged to the foundation bolt, upwardly, thereby tensioning the foundation bolt. The load in the bolt is then maintained by threading down the foundation nut until it abuts onto the foundation surface.