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DOWNER EDI LIMITED — Capital/Financing Update 2011
Aug 24, 2011
64784_rns_2011-08-24_7ce7aaa5-d5a7-46d8-acda-684134dcdf87.pdf
Capital/Financing Update
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Media/ASX and NZX Release
25 August 2011
DOWNER-CLOUGH AWARDED ECI CONTRACT FOR CSBP NAAN3 PROJECT
Downer EDI Limited (Downer) announced today that the 50:50 Downer Clough joint venture (DCJV) had been awarded an Early Contractor Involvement (ECI) contract by CSBP Limited for its Ammonium Nitrate/Nitric Acid Plant Number 3 (NAAN3).
The scope of work for the ECI phase involves a detailed review of current engineering and procurement documentation, in collaboration with CSBP, to establish an execution plan and budget for the Engineering, Procurement and Construction (EPC) phase of the NAAN3 Project which forms part of CSBP’s wider ammonium nitrate expansion proposed for its site in Kwinana, Western Australia.
The EPC phase, which has an estimated value of approximately $200 million, is not part of this ECI contract.
The Chief Executive Officer of Downer, Grant Fenn, said Downer had carried out construction works for CSBP on both the Prill Plant and NAAN2 Project at Kwinana.
“We look forward to working closely with our joint venture partner, Clough, and strengthening our relationship with CSBP on this important project,” Mr Fenn said.
“Clough has a long history with the Kwinana strip and is pleased to be returning to assist CSBP with the NAAN3 project. Successful completion of the ECI phase of this project will position Downer Clough for the EPC phase. We will work closely with our valued partner Downer to bring the best Australian engineering and project management resources to this important project,” said Clough’s Chief Executive Officer John Smith.
For further information please contact:
Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470145 Luke Thrum, Manager Investor Relations +61 459 828720
Downer EDI Limited (www.downergroup.com) provides comprehensive engineering and infrastructure management services to the public and private Minerals & Metals, Oil & Gas, Power, Transport Infrastructure, Communications, Water and Property sectors across Australia, New Zealand, the Asia Pacific region and the United Kingdom.
CSBP Limited is a major manufacturer and supplier of chemicals, fertilisers and related services. CSBP Limited is a subsidiary of Wesfarmers Limited and part of the Wesfarmers Chemicals, Energy & Fertilisers division.
A Triniti Business Campus, 39 Delhi Road, North Ryde NSW 2113 P PO Box 1823, North Ryde NSW 2113 T +61 2 9468 9700 | F +61 2 9813 8915 | W downergroup.com
Downer EDI Limited ABN 97 003 872 848