USAID Awards Tetra Tech $85 Million Contract for Improved Energy Security in Ukraine
Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S.
Agency for International Development (USAID) awarded the Company an
$85 million single-award contract to support enhanced energy security in
Ukraine. The five-year USAID/Ukraine Energy Security through Competitive
Energy Markets Program aims to improve the legal and regulatory
environment in the energy sector and increase the resilience of energy
supplies in Ukraine.
Tetra Tech will provide technical services to support private sector-led
energy investments, increased renewable energy generation, and reliable
and affordable energy for all Ukrainians. Specific tasks include
developing energy market models to create competitive energy market
reforms, completing renewable energy pre-feasibility assessments, and
developing creative financial incentive mechanisms to facilitate private
sector investment in renewable energy. Tetra Tech also will collaborate
with local organizations in implementing the program to develop
Ukraine’s institutional capacity, encourage ownership of results, and
ensure sustainability of reforms.
“Tetra Tech is pleased to support USAID’s work in Ukraine to improve
energy efficiency and supply while stimulating economic growth for the
region and its citizens,” said Dan Batrack, Tetra Tech’s Chairman and
CEO.
About Tetra Tech
Tetra Tech is a leading, global provider of consulting and engineering
services. We are differentiated by Leading with Science®
to provide innovative technical solutions to our clients. We support
global commercial and government clients focused on water, environment,
infrastructure, resource management, energy, and international
development. With 17,000 associates worldwide, Tetra Tech provides clear
solutions to complex problems. For more information about Tetra Tech,
please visit tetratech.com,
follow us on Twitter (@TetraTech),
or like us on 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180723005127/en/
Copyright Business Wire 2018
Source: Business Wire
(July 23, 2018 - 9:00 AM EDT)
News by QuoteMedia
www.quotemedia.com