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UPDATE: Tetra Tech Wins $64M USAID Power Africa Contract

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Tetra Tech, Inc. (NASDAQ: TTEK) announced today it has been awarded a $64 million contract to provide technical assistance for the Power Africa Transactions and Reform Program funded by the U.S. Agency for International Development. Tetra Tech was awarded this five-year contract to support President Obama's Power Africa Initiative. This contract has a base period of three years with two option years.

Power Africa represents a whole of U.S. Government approach to increase the amount of electricity available in Sub-Saharan Africa through an innovative private-sector led model for development. Under Power Africa, 12 agencies of the U.S. Government are working together with multilateral organizations, African governments and the American private sector to add cleaner, more efficient electricity generation capacity in Sub-Saharan Africa.

Under Power Africa, Tetra Tech will support the U.S. Government to accelerate the generation and transmission of sustainable electric power in regions throughout Africa, including the Power Africa focus countries of Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania. Tetra Tech will identify and design innovative approaches to develop small-scale clean energy projects to increase access in rural areas, develop a robust pipeline of power generation projects using a transaction-based approach, support the strengthening of regulatory and institutional policies, and provide direct programmatic support to the Power Africa Coordinator's Office.

Posted-In: News Contracts Press Releases

 

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