Tetra Tech Wins $12 Million USAID Energy Sustainability Activity Contract
April 01 2021 - 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
5-year, $12 million, single-award contract to improve Kosovo’s
energy sector by strengthening the capacity of local institutions
to advance energy market development and regional integration, and
facilitate private sector investments in sustainable energy
generation.
Tetra Tech energy specialists will work with the Government of
Kosovo to strengthen a regional energy market based on European
Union standards and foster increased private-sector investment that
will leverage $300 million in investments and generate an
additional renewable energy capacity of 200 megawatts.
Tetra Tech has partnered with USAID in Kosovo since 2007 to
provide innovative clean energy services to help advance economic
growth. Tetra Tech facilitated the private-sector development of
one of the first grid-connected solar photovoltaic power plants,
supported 300 million euros worth of energy sector investment, and
increased women’s participation in the utility sector.
“Tetra Tech has supported USAID’s sustainable energy programs in
Kosovo for 14 years,” said Dan Batrack, Tetra Tech Chairman and
CEO. “We look forward to continuing to use our Leading with
Science® approach to create resilient energy solutions that promote
energy security and economic prosperity for the people of
Kosovo.”
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, sustainable infrastructure,
renewable 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 or follow us on LinkedIn, Twitter, and 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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Jim Wu, Investor Relations Charlie MacPherson, Media &
Public Relations (626) 470-2844
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