Kentz Corporation KENZ Kentz awarded US$45m EPC Solar Power Project

  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
 
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CNTUWRBRUKAARAA -0- Nov/09/2012 07:00 GMT