Announcement
GENERAL: WKSHA: Downer selected to provide services to AusNet in Victoria
11:42am
WKS
23/07/2019 11:42
GENERAL
PRICE SENSITIVE
REL: 1142 HRS Works Finance (NZ) Limited
GENERAL: WKSHA: Downer selected to provide services to AusNet in Victoria
DOWNER SELECTED TO PROVIDE ELECTRICITY DISTRIBUTION SERVICES
FOR AUSNET SERVICES IN VICTORIA
Downer EDI Limited (Downer) announced today it had been selected by AusNet
Services to provide operational and maintenance services on the electricity
distribution network in Victoria.
The five-year contract is worth approximately $600 million and includes
options to extend for a further six years. Under the contract, Downer's
services will expand from the current work delivered in AusNet Services'
Central region to include the remainder of AusNet Services' electricity
distribution network in Victoria's Northern and Eastern regions.
The contract is expected to commence in September 2019 following the
completion of a workforce transition process.
The Chief Executive Officer of Downer, Grant Fenn, said this contract award
reinforced Downer as a benchmark end-to-end service provider to owners of
utility assets.
"We are pleased to extend our 19-year partnership with AusNet Services for at
least a further five years and to now service their entire electricity
distribution network in Victoria," Mr Fenn said.
"This contract demonstrates Downer's ability to deliver and service our
customers' assets to help them provide cost-effective, safe and reliable
energy for our communities."
The scope of work Downer will be delivering includes operations, maintenance,
capital works and 24/7 emergency response for AusNet Services' electricity
distribution assets.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61
439 470 145
End CA:00338014 For:WKS Type:GENERAL Time:2019-07-23 11:42:11
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