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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2012
Apr 4, 2012
65884_rns_2012-04-04_47ba7ba4-dec7-49a6-805f-16fff6d1af8b.pdf
Capital/Financing Update
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SOUTHERN CROSS
ELECTRICAL
ENGINEERING LIMITED
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ASX RELEASE
5 April 2012
Notice of award of contract
Southern Cross Electrical Engineering Ltd (ASX:SXE) is pleased to announce that its overhead powerline construction company, K. J. Johnson & Co Ltd, has been awarded a contract with Rio Tinto for their Coastal Water Project – Design and Construct 33kV Overhead Line.
The greenfield project consists of a 37 kilometre overhead line in Pannawonica and forms part of Rio Tinto’s critical infrastructure development to assure a sustainable water supply for its Iron Ore operations. The contract value is worth in excess of $17 million. Work will commence in July 2012 and conclude in February 2013.
SXE Managing Director Simon High said “We are very pleased to have been awarded this work by Rio Tinto which together with our recently awarded Cape Lambert Port 33kV Overhead Line provides us with a very solid order book for the next six to nine months. It also demonstrates the continued growth of K.J. Johnson & Co Ltd as a leading powerline and infrastructure contractor in the resource sector.”
K. J. Johnson & Co Ltd specialise in the construction of overhead distribution HV powerlines, including switchgear and transformer installations. Other capabilities include design and engineering, asset management, maintenance, repairs, modification and powerline additions.
For further information please contact:
Simon High Chris Douglass Managing Director/Chief Executive Officer Chief Financial Officer Southern Cross Electrical Engineering Ltd Southern Cross Electrical Engineering Ltd Telephone: +61 9410 1833 Telephone: +61 9410 1833 Email: [email protected] Email: [email protected]