Downer EDI Limited (DOW) today announced its Engineering division has secured more than $400 million worth of contracts including a two-year contract valued at $170 million with Wesfarmers Curragh Pty Ltd (as a significant component of the expansion of its Curragh Mine in Queensland) and more than $90 million worth of contracts with BHP Billiton Iron Ore at its Rapid Growth Phase 5 Project in Western Australia. Downer has also secured more than $70 million worth of electrical and instrumentation contracts for the Woodside Pluto LNG Project and additional electrical contracts with clients totaling more than $75 million.
Downer EDI Managing Director and CEO, Geoff Knox, said the new contracts demonstrate the robustness of the Group’s business model and provide a sound indication of the prevailing opportunities for the company in the mining, oil and gas, and petrochemical industries. “These wins reinforce Downer’s position as a leading provider of mechanical and electrical contracting services,” Mr Knox said. “The Curragh project, scheduled to commence in December this year, includes design and construction of a stand alone coal-processing facility to increase the mine’s total processing capacity to 2300 t/h. The project also involves tie-ins to existing brownfields infrastructure. “We have also further grown our long-term relationship with BHP Billiton, securing contracts totaling more than $90 million with BHP Billiton Iron Ore, to provide electrical and instrumentation services for the Rapid Growth Phase 5 Port Handling Services Project at Port Hedland,” Mr Knox said.
Downer EDI Limited is an ASX -100 company that provides comprehensive engineering and infrastructure design, construction, maintenance and management services to the transport, energy, infrastructure, communications and resources sectors. The Group has more than 24,500 employees working across Australia, New Zealand, the Asia Pacific region and the United Kingdom.
Tags: Dow, Downer EDI, engineering, New contracts
