Tetra Tech Wins $39 Million USAID Power Central Asia Contract
August 25 2020 - 9:00AM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end
consulting and engineering services, announced today that the U.S.
Agency for International Development (USAID) awarded the Company a
five-year, $39 million single-award contract to implement the Power
Central Asia (PCA) Activity.
The regional PCA Activity is intended to assist the five Central
Asian countries—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan,
and Uzbekistan—to meet their national energy priorities, reap
economic benefits from cross-border energy trading, and improve
energy security through greater regional connectivity. This PCA
Activity builds on the ongoing USAID-funded Power the Future and
Central Asian Regional Electricity Market programs that Tetra Tech
also is implementing.
Under this contract, Tetra Tech will provide technical services
to national governments, utilities, and other stakeholders to
develop domestic energy market reforms, strengthen the regional
electricity market, and promote greater adoption of clean energy
technologies from conventional and renewable sources. Tetra Tech’s
analysts and consultants will develop a regional energy market
model to optimize the water-energy nexus among the countries,
balancing hydropower generation needs with other water management
priorities. Tetra Tech’s information technology specialists will
prepare regional data protection and cybersecurity plans to ensure
the safe management of sensitive data generated during the
program.
“Tetra Tech has been supporting USAID’s energy programs in
Central Asia since 1994,” said Dan Batrack, Tetra Tech Chairman and
CEO. “We are pleased to continue our Leading with Science® approach
to support improvements in regional connectivity and cooperation
among the five Central Asian countries through energy market
improvements and adoption of advanced energy technologies.”
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and
engineering services for projects worldwide. With 20,000 associates
working together, Tetra Tech provides clear solutions to complex
problems in water, environment, infrastructure, resource
management, energy, and international development. We are Leading
with Science® to provide sustainable and resilient solutions for
our clients. 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 Form 10-Q filings with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20200825005296/en/
Jim Wu, Investor Relations Charlie MacPherson, Media &
Public Relations (626) 470-2844
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