CIMIC Group (ASX:CIM) - Executive Chairman & CEO, Juan Santamaria
Executive Chairman & CEO, Juan Santamaria
Source: Juan Santamaria / LinkedIn
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  • CIMIC Group’s (CIM) UGL has been awarded a number of design contracts in the renewables and utilities sectors, totalling more than $296 million
  • The contracts include design and construction works in Queensland for APA Group in Mt Isa and the MacIntyre Wind Farm Precinct Connection Project for Powerlink
  • Engineering, procurement and construction works will also be completed at Tailem Bend for Vena Energy in South Australia
  • The contracts commenced at the end of last year and are expected to be complete in 2023
  • Shares were up 1.14 per cent, rounding off the day of trading at $16.84

CIMIC Group’s (CIM) UGL has been awarded a number of design, engineering, procurement, and construction contracts in the renewables and utilities sectors, totalling more than $296 million.

The contracts include design and construction works in Queensland for APA Group in Mt Isa and the MacIntyre Wind Farm Precinct Connection Project for Powerlink.

Engineering, procurement and construction works will also be completed at Tailem Bend for Vena Energy in South Australia.

The contracts commenced at the end of last year and are expected to be complete in 2023.

Group Executive Chairman and CEO Juan Santamaria said the company is proud to support the growth of the Australian renewable energy market.

“UGL has deep experience in critical power infrastructure across transmission lines, solar farms and other renewables, and recently completed work on the Victorian Big Battery project in Victoria and the Wallgrove Grid Battery project in NSW,” he said.

UGL Managing Director Doug Moss echoed those sentiments.

“UGL is a market leader in Australian renewables projects, and in the design and construction of high voltage transmission lines,” he said.

“The Mica Creek project will be UGL’s third solar project for APA Group and the Tailem Bend 2 project is a continuation of the work we performed with Vena Energy on the adjacent site, both great examples of how UGL enjoys strong relationships with our clients, and we look forward to continuing our relationships with them through these contract wins.”

Shares were up 1.14 per cent, rounding off the day of trading at $16.84.

CIM by the numbers
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