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SOUTHERN CROSS ELECTRICAL ENGINEERING LTD — Capital/Financing Update 2013
Sep 1, 2013
65884_rns_2013-09-01_c9a3d925-ee0c-4ddb-bbc5-da5c87494c4c.pdf
Capital/Financing Update
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KSJV Receives Limited Notice of Award
ASX & media announcement
2 September 2013
Contact
Highlights
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KSJV to perform E&I works at the Australia Pacific LNG project on Curtis Island
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Limited Notice of Award received from Bechtel
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Value of $50m on a cost reimbursable basis
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Milestone award in LNG sector where E&I construction peak has still to arrive
SCEE is pleased to advise that its LNG focussed joint venture KSJV has received a Limited Notice of Award from Bechtel to perform Electrical Installation Services works at the Australia Pacific LNG project on Curtis Island in Queensland.
SCEE HEAD OFFICE 41 Macedonia Street, Naval Base, Perth 6165 Western Australia E: [email protected]
T: +61 (0)8 9236 8300
F: +61 (0)8 9410 2504
Simon High Managing Director E: [email protected]
Chris Douglass Chief Financial Officer & Joint Company Secretary E: [email protected]
Colin Harper Investor Relations Manager & Joint Company Secretary E: [email protected]
The awarded value of the subcontract will be $50m subject to final agreement and will be performed on a cost reimbursable basis.
KSJV is a 50:50 joint venture between SCEE and international E&I contractor Kentech.
SCEE’s Managing Director and Chairman of the KSJV Board Simon High said “I am very pleased to have received this Limited Notice of Award from Bechtel. KSJV was formed to provide Tier One E&I services to the LNG sector and securing this first award is a milestone event for us.
With six Australian LNG plants, including three on Curtis Island, having achieved Final Investment Decision and scheduled to be completed over the next three to five years the E&I construction peak in the LNG sector is still to come.”
Southern Cross Electrical Engineering Limited
ABN 92 009 307 046