PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Agency for International Development (USAID) has awarded the Company a $500 million, five-year, multiple-award contract to provide technical assistance for the Energy II program.
Almost two-thirds of the developing world’s population lacks access to electricity. Under this contract, Tetra Tech will support USAID to address the growing demand for and use of modern energy services by promoting sustainable, renewable energy technologies; increasing energy security; and strengthening energy sector reforms.
Tetra Tech data scientists will perform advanced analytics to assess energy markets, increase greater regional cooperation through cross-border trade, and improve utility performance. Our energy specialists will work to catalyze private sector investment by establishing a regulatory framework with clear and transparent rules, and analyze environmental and social implications of proposed energy services. Tetra Tech also will assist national and local governments to improve their capacity to govern the energy sector and prepare for and respond to disasters.
“Access to safe, reliable, and sustainable sources of energy is critical to a country’s economic growth,” said Dan Batrack, Tetra Tech Chairman and CEO. “Tetra Tech has supported USAID’s global energy programs for the past 10 years. We look forward to continuing this support, incorporating the latest technologies and analytics to create resilient energy solutions in developing countries.”
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. 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.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations