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|AECOM awarded two energy projects from the Ethiopian Electric Power Corporation totaling US$14.1 million|
LOS ANGELES, Oct 12, 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 it has been awarded two contracts worth a total value of US$14.1 million from the Ethiopian Electric Power Corporation (EEPCO).
Under the first contract, AECOM will review and update tender documents, conduct a design review of contractors' deliverables and supervise the construction works of the rehabilitation, upgrading and rebuilding of several existing electrical substations, including the supply and installation of power accessories. The project, financed by the World Bank, covers the Addis Ababa region and the northern, northeastern, northwestern, eastern and southern parts of the country.
For the second contract, AECOM will be responsible for design review, supervision of construction works and project management on system improvements involving the construction of 589 miles of 230-kilovolt overhead transmission lines; construction of several substation extensions, including new 230-kilovolt substations; and rehabilitation and upgrading of existing substations. The project, financed by the African Development Fund, has a main goal to provide sustainable power for northern, eastern and southern regions of the country and to facilitate energy exports.
"We look forward to applying AECOM's global expertise to these two important projects that will advance quality of life," said AECOM Chairman and Chief Executive Officer John M. Dionisio.
EEPCO is the state-owned power utility responsible for the power generation, transmission, distribution and sales of electricity to consumers in Ethiopia.
AECOM 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 45,000 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 approximately 125 countries and had revenue of $7.7 billion during the 12 months ended June 30, 2011. More information on AECOM and its services can be found at http://www.aecom.com.
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 projections of earnings, 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 quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2011, 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