DALLAS, July 3, 2018 /PRNewswire/ -- Jacobs
Engineering Group Inc. (NYSE:JEC) has been appointed to AusNet
Services' Regulated Energy Services (RES) panel for a three-year
contract, with two single-year extensions, that involves
undertaking engineering and design work for its regulated
transmission and distribution assets. This includes both greenfield
and brownfield asset upgrades, infrastructure replacements and the
delivery of new energy infrastructure in a rapidly changing and
innovative sector.
A second panel agreement has also been signed by Jacobs to
provide engineering and design services to AusNet Services'
Commercial Energy Services (CES) unregulated business, which
includes renewable energy connections. Subject to performance, this
panel will cover the same length of time as the RES Panel.
"During the past decade, Jacobs has contributed to the
development of significant high voltage infrastructure for AusNet
Services in Victoria, with concept
design support for the development of 'build, own, operate'
proposals for network connections, to renewable energy developers
and clients," said Jacobs Buildings and Infrastructure Asia Pacific
/ Middle East Senior Vice President and General Manager
Patrick Hill. "We've provided
interface design to successfully augment new infrastructure to the
existing substations and overhead lines, and will continue to
leverage our experience to help AusNet provide critical services to
energy customers."
AusNet Services recently embarked on the implementation of a new
corporate strategy, known as Focus 2021, intended to grow its
contracted energy infrastructure (CES) asset base to $1 billion and to operate all three core networks
in the top quartile of efficiency benchmarks. The support that
Jacobs will provide to AusNet under the recently signed panel
agreements aims to help them achieve these goals.
"Jacobs is one of our trusted partners in delivering new
unregulated infrastructure projects," said AusNet Services
Executive General Manager of CES Chad Hymas. "Our teams complement
one another, and together we have moved well beyond the traditional
service provider/principal relationship."
As the largest energy delivery service business in the
Australian state of Victoria,
AusNet Services owns and operates approximately $8.3 billion (A$11
billion) of electricity and gas distribution assets that
connect into more than one million customers.
Jacobs leads the global professional services sector delivering
solutions for a more connected, sustainable world. With
$15 billion in fiscal 2017 revenue
when combined with full-year CH2M revenues and a talent force of
more than 77,000, Jacobs provides a full spectrum of services
including scientific, technical, professional and construction- and
program-management for business, industrial, commercial, government
and infrastructure sectors. For more information, visit
www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter,
Facebook and Instagram.
Statements made in this release that are not based on historical
fact are forward-looking statements. We base these forward-looking
statements on management's current estimates and expectations as
well as currently available competitive, financial and economic
data. Forward-looking statements, however, are inherently
uncertain. There are a variety of factors that could cause business
results to differ materially from our forward-looking statements.
For a description of some of the factors which may occur that could
cause actual results to differ from our forward-looking statements
please refer to our Form 10-K for the year ended September 29, 2017, and in particular the
discussions contained under Items 1 - Business, 1A - Risk Factors,
3 - Legal Proceedings, and 7 - Management's Discussion and Analysis
of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
For press/media inquiries:
Kerrie Sparks
214.583.8433
Brian Morandi
720.286.0719
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SOURCE Jacobs Engineering Group Inc.