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|AECOM, in association with Électricité de France (EDF), awarded US$13.4-million feasibility study for Grand Inga hydroelectricity site on Africa's Congo River|
LOS ANGELES, Feb 01, 2011 (BUSINESS WIRE) -- AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that a joint venture in which RSW International Inc. -- which became part of AECOM during November 2010 -- participates, has been awarded a US$13.4-million contract related to the Grand Inga site in the Democratic Republic of Congo.
AECOM, in partnership with Électricité de France (EDF), will conduct a feasibility study on the hydroelectricity development of the site and the associated interconnection transmission lines.
The Grand Inga site, located on the Congo River, has a potential of approximately 39,000 megawatts of electricity. The length of the four associated transmission lines (Inga-Nigeria, Inga-Egypt, Inga-South Africa through Zambia and Inga-South Africa through Angola) would total more than 8,000 miles.
"AECOM is pleased to play an important role in the development of what has the potential to become one of the world's largest hydroelectric power plants," said AECOM President and Chief Executive Officer John M. Dionisio. "The Grand Inga feasibility study will be an important first step in the overall vision of developing a continent-wide power grid for Africa."
The feasibility study, financed by the African Development Bank, will be carried out over a period of two years under the direction of Société Nationale d'Électricité, the Democratic Republic of Congo's power utility.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 52,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.5 billion during its fiscal year 2010. More information on AECOM and its services can be found at www.aecom.com.
The EDF Group is a leading player in the energy industry, active in all areas of the electricity value chain, from generation to trading and network management, with expanding operations in the natural gas chain. It has a sound business model, evenly balanced between regulated and deregulated activities. The EDF Group is the leader in the French and British electricity markets and has solid positions in Switzerland, Italy and numerous other European countries, as well as industrial operations in Asia and the United States. Everywhere it operates, the EDF Group is a model of quality public service for the energy sector. With first-rate human resources, R&D capability and generation expertise in nuclear, fossil-fired and renewable energies, particularly hydro, together with energy eco-efficiency offers, the EDF Group delivers competitive solutions that help ensure sustainable economic development and climate protection.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any statements of plans for future operations or expected revenue.Actual results could differ materially from those projected or assumed in any of our forward-looking statements.Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-K for the fiscal year ended September 30, 2010, and our other reports filed with the U.S. Securities and Exchange Commission.AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
SOURCE: AECOM Technology Corporation
AECOM Technology Corporation