Tetra Tech Inc
), a leading provider of environmental services, recently got
engaged in a global clean energy development program. The company
has been awarded a $350 million contract to provide technical
assistance to the U.S. Agency for International Development
(USAID) for such global programs.
This is an indefinite delivery/indefinite quantity (ID/IQ)
contract with a term of five years. The contract value is shared
by seven companies, including three small businesses.
Developing countries are witnessing rising demand for the use
of clean energy services. USAID is engaged in such development
programs as these and Tetra Tech is assisting it by designing
clean energy strategies.
Tetra Tech helps in the development of clean energy solutions;
drafts environment related energy policies and also brings in
private sector's involvement and investment in clean energy.
Further, Tetra Tech will assist USAID in the latter's efforts to
reduce global warming and design technologies which will help in
achieving energy efficiency and carbon sequestration. The program
also includes improvement of foreign and local government
capacity in the energy sector to handle natural or man-made
Earlier in Jan 2013, Tetra Tech had acquired American
Environmental Group, to expand its offerings in the area of
environmental remediation (included under the Remediation and
Construction Management (RCM) segment). In fiscal 2011, the RCM
segment contributed 22.9% to the total revenue.
Tetra Tech is performing well in its international market,
benefiting from the rising demand for clean resources. However,
weak economic condition in Western Europe remains a matter of
Tetra Tech Inc. currently has a Zacks #2 Rank (Buy). The other
companies that can also be considered at the moment are
Clean Energy Fuels Corp.
), both of which have a Zacks Rank #2.
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