October 9, 2008
Tetra Tech Awarded Three Wind Energy Projects Valued at More Than $69 Million
Tetra Tech, Inc. (NASDAQ: TTEK) announced that it has been awarded two engineering, procurement, and construction (EPC) projects and one balance of plant (BOP) construction project for wind farms. In aggregate, these wind farms will generate 218.2 MW of clean energy--enough to power more than 55,000 homes. The combined value of the three awards is $69 million.
For Oklahoma Gas & Electric Company, Tetra Tech will provide EPC services for the OU Spirit Wind Farm, which shall consist of 44 Siemens 2.3-MW turbines near Woodward, Oklahoma.
Tetra Tech was also awarded a project to provide BOP services for the High Sheldon Wind Farm in Wyoming County, New York. This Invenergy LLC project will have a maximum electrical generating capacity of 112.5 MW. Tetra Tech is constructing roads and foundations to support the installation of 75 wind turbines on predominantly active agricultural lands.
Finally, Tetra Tech will provide EPC services for Kodiak Electric Association's Pillar Mountain Wind Project on Kodiak Island, Alaska. This project includes the installation of three General Electric turbines capable of generating 4.5 MW of power. Work on the project began in late May and is expected to be complete by July 2009.
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering and technical services. With approximately 8,500 associates located in the United States and internationally, the Company supports commercial and government clients in the areas of resource management and infrastructure. Tetra Tech's services include research and development, applied science and technology, engineering design, program management, construction management, construction, and operations and maintenance.
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 10-Q filings with the Securities and Exchange Commission.