Tetra Tech Wins $25 Million USAID Renewable Energy and Climate Change Contract
January 21 2021 - 4:14PM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end
consulting and engineering services, announced today that the
United States Agency for International Development (USAID) awarded
the Company a five-year, $25 million single-award contract to
increase renewable energy consumption and reduce deforestation in
Zambia. The Alternatives to Charcoal Activity represents the
flagship investment from the USAID/Zambia Mission to counter
climate change and contribute towards poverty reduction through the
sustainable management of forest resources.
Tetra Tech’s research scientists and analysts will use advanced
data analytics to conduct market research on available
technologies, collect baseline data on barriers to alternative
energy use, and facilitate the adoption of renewable fuel
technologies in Zambia. Through policy and regulatory framework
reform, the project will strengthen the ability of the private
sector to increase availability of and access to renewable energy
sources for urban Zambian households.
“Tetra Tech has supported USAID to promote renewable energy and
manage natural resources in Africa for 40 years,” said Dan Batrack,
Tetra Tech Chairman and CEO. “We are pleased to continue using our
Leading with Science® approach to promote alternative technology
solutions to address the impacts of climate change in developing
countries.”
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, and
renewable energy. 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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