USAID Awards Tetra Tech $57 Million to Promote Clean Energy Services in Pakistan
April 20 2017 - 9:00AM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S.
Agency for International Development (USAID) awarded the Company a
$57 million, single-award contract to promote the delivery of clean
energy services in Pakistan in order to stimulate economic and
social development.
Under the Clean Energy for Pakistan’s Economy (CEPE) project,
Tetra Tech will assist project developers and investors to leverage
energy sector investment and access financing for clean energy
projects that will help generate 2,000 to 3,000 megawatts of
electricity capacity over the next four years. These efforts will
aid Pakistan in advancing its policy reform agenda to increase
private sector investment and provide a sustainable energy supply
for the country. Tetra Tech will also provide technical services to
increase private investment in clean energy projects, including
improving the capacity of the transmission system and energy
markets, enhancing the commercial viability of the electricity
distribution subsector, and advancing sector governance through
policy reforms that facilitate investment and the privatization of
energy services.
“Tetra Tech has delivered innovative energy sector performance
improvement solutions to governments and electric utilities for
decades,” said Dan Batrack, Tetra Tech’s Chairman and CEO. “We look
forward to assisting USAID and the Government of Pakistan in this
important program.”
About Tetra Tech
Tetra Tech is a leading, global provider of consulting and
engineering services. We are differentiated by Leading with Science
to provide innovative technical solutions to our clients. We
support global commercial and government clients focused on water,
environment, infrastructure, resource management, energy, and
international development. With 16,000 associates worldwide, Tetra
Tech provides clear solutions to complex problems. For more
information about Tetra Tech, please visit tetratech.com, follow us
on Twitter (@TetraTech), or like us on Facebook.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Any
forward-looking statements made in this release represent
management’s best judgment as to what may occur in the
future. However, Tetra Tech’s actual outcome and results are
not guaranteed and are subject to certain risks, uncertainties and
assumptions ("Future Factors"), and may differ materially from what
is expressed. For a description of Future Factors that could
cause actual results to differ materially from such forward-looking
statements, see the discussion under the section "Risk Factors"
included in the Company’s Form 10-K and 10-Q filings with
the Securities and Exchange Commission.
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Tetra Tech, Inc.Jim Wu, Investor RelationsCharlie MacPherson,
Media & Public Relations(626) 470-2844
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