Tetra Tech, Inc. (NASDAQ: TTEK) has announced that the US Agency for International Development (USAID) has awarded the company a USD 500 million, five-year, multiple-award contract to provide technical assistance for the Energy II program, the company said.
Almost two-thirds of the developing world´s population lacks access to electricity. Under this contract, Tetra Tech will support USAID to address the growing demand for and use of modern energy services by promoting sustainable, renewable energy technologies; increasing energy security; and strengthening energy sector reforms.
Tetra Tech data scientists will perform advanced analytics to assess energy markets, increase greater regional cooperation through cross-border trade, and improve utility performance. Our energy specialists will work to catalyze private sector investment by establishing a regulatory framework with clear and transparent rules, and analyze environmental and social implications of proposed energy services. Tetra Tech also will assist national and local governments to improve their capacity to govern the energy sector and prepare for and respond to disasters.
Tetra Tech is a provider of high-end consulting and engineering services for projects worldwide. With 20,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, infrastructure, resource management, energy, and international development. For more information about Tetra Tech, visit tetratech.com.