Kentz Corporation (KENZ) - Kentz awarded US$45m EPC Solar Power Project RNS Number : 7095Q Kentz Corporation Ltd 09 November 2012 Kentz awarded US$45m EPC Solar Power Project in South Africa London, 9 November 2012, Kentz Corporation Limited (LSE:KENZ), the holding company of the Kentz engineering and construction group, through its operating unit Kentz Pty (Ltd), is pleased to announce the award of a US$45 million, Engineering, Procurement and Construction ("EPC") contract for the 75MWp Kalkbult Solar Photovoltaic ("PV") Project in the Northern Cape area of South Africa. The EPC contract was awarded to Kentz by Scatec Solar, which is developing the Kalkbult Solar PV Project. The project, scheduled for completion in January 2014, is a key component of Phase 1 of the South African Department of Energy's 3,725MW Renewable Energy IPP Procurement Program. Kentz will execute all in-country EPC activities associated with the facility. The engineering and procurement activities will be executed from the Company's engineering center in Vanderbijlpark, south of Johannesburg. Christian Brown, Chief Executive of Kentz Group, commented: "We continue to develop our EPC capabilities in the African region and this prestigious project for Scatec Solar demonstrates our ability to secure a wide range of EPC contracts. Additionally, the award of such a key project for South African renewable energy will position us to contribute to the development of further renewable energy projects across the continent and beyond." Ends For more information please refer to the Kentz website www.kentz.com or contact: Kentz Corporation Limited Tel: +44 (0)20 3159 4000 Investors: Ronan Tyrrell Media: Paul Youens Tavistock Communications Tel: +44 (0)20 7920 3150 Matt Ridsdale Mike Bartlett Emily Fenton About Kentz Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil, gas, petrochemical, and mining and metals sectors. It is listed on the London Stock Exchange (symbol: KENZ). In the year ending December 2011, the company generated revenues of $1.37 billion and profit before tax of $79.4 million. Kentz three main Global Business Units are; specialist Engineering, Procurement and Construction (EPC) services, Construction, and Technical Support Services (TSS). It has over 14,000 employees in 29 countries and operates in some of the most remote locations on earth. About Scatec Solar Scatec Solar is developing, designing, constructing and financing solar parks for installations on ground and on commercial rooftops. In addition, the company owns, operates and maintains solar parks. The overall objective is to establish solar PV solutions as a sustainable and lucrative future source of energy all over the world. Scatec Solar is a global provider of solar energy projects with activities in several countries including Germany, The Czech Republic, France, Italy, India, China, South Africa, West Africa and North America. Scatec Solar has about 100 employees is headquartered in Oslo, Norway, with a large technology and operations hub in Regensburg, Germany. www.scatecsolar.com This information is provided by RNS The company news service from the London Stock Exchange END CNTUWRBRUKAARAA -0- Nov/09/2012 07:00 GMT
Kentz Corporation KENZ Kentz awarded US$45m EPC Solar Power Project
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