Pike Awarded $65M Project in Tanzania (PIKE)

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Pike Electric Corporation (NYSE: PIKE) and Symbion Power LLC have been awarded two major new energy contracts under the Millennium Challenge Compact (MCC) which was signed between the governments of the United States of America and the United Republic of Tanzania in 2008. These two contracts valued at nearly $65 million were awarded by the Millennium Challenge Account – Tanzania (MCA-Tanzania). Together, the two firms will construct or expand approximately 1,000 miles of distribution lines in the regions of Mwanza, Tanga, Dodoma, Mbeya, and Iringa.

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