The project will generate revenue to UGL of approximately $170 million and is due to commence in early 2018, with power generation to the grid expected in 2019.
CIMIC Group Chief Executive Officer Michael Wright said: “With our growing expertise in delivering renewable energy projects, CIMIC and UGL are proud to be supporting the growth of the Australian renewable energy market and delivering the Tailem Bend Solar Farm for Equis Energy.”
UGL Managing Director Jason Spears said: “The Tailem Bend Solar Farm expands UGL’s national footprint we now have a solar farm under construction in every Australian mainland state reaffirming our position as the leading EPC contractor in the renewable energy sector. We are very pleased to be partnering with Equis Energy to deliver this South Australian solar farm.”
UGL (ugllimited.com) will undertake the engineering, procurement and construction of the project, including the associated substation and, critically, will provide the internal expertise to ensure the project is integrated successfully into the electricity network. Once operational, UGL will provide the operation and maintenance services for a five-year period.
UGL currently has solar projects under construction at Emu Downs in Western Australia, Kidston and Collinsville in Queensland, White Rock in New South Wales and Bannerton in Victoria.
About CIMIC Group Limited
CIMIC Group Limited (cimic.com.au) is a world-leading infrastructure, mining, services and public private partnerships group. We have businesses in construction (CPB Contractors and Leighton Asia), mining and mineral processing (Thiess and Sedgman), operation and maintenance services (UGL), public private partnerships (Pacific Partnerships) and engineering (EIC Activities). Our mission is to generate sustainable shareholder returns by delivering innovative and competitive solutions for clients and safe, fulfilling careers for our people. With a history since 1899, and more than 50,000 people in 20 countries, we strive to be known for our principles of Integrity, Accountability, Innovation and Delivery, underpinned by Safety. CIMIC is a member of the S&P/ASX 200 index, the Dow Jones Sustainability Australia Index and FTSE4Good.
Contact: Ms Marta Olba, Group Manager Investor Relations; T: +61(2) 9925 6134