PASADENA, Calif.--Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Agency for International Development (USAID) awarded the Company a $57 million, single-award contract to promote the delivery of clean energy services in Pakistan in order to stimulate economic and social development.
Under the Clean Energy for Pakistan’s Economy (CEPE) project, Tetra Tech will assist project developers and investors to leverage energy sector investment and access financing for clean energy projects that will help generate 2,000 to 3,000 megawatts of electricity capacity over the next four years. These efforts will aid Pakistan in advancing its policy reform agenda to increase private sector investment and provide a sustainable energy supply for the country. Tetra Tech will also provide technical services to increase private investment in clean energy projects, including improving the capacity of the transmission system and energy markets, enhancing the commercial viability of the electricity distribution subsector, and advancing sector governance through policy reforms that facilitate investment and the privatization of energy services.
“Tetra Tech has delivered innovative energy sector performance improvement solutions to governments and electric utilities for decades,” said Dan Batrack, Tetra Tech’s Chairman and CEO. “We look forward to assisting USAID and the Government of Pakistan in this important program.”
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 16,000 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 10-Q filings with the Securities and Exchange Commission.