PriceSensitive

Decmil Group (ASX:DCG) awarded $51M windfarm works

Industrial
ASX:DCG      MCAP $43.95M
18 November 2020 12:30 (AEST)
Decmil Group (ASX:DCG) - Managing Director and CEO, Dickie Dique

Source: Business News

Decmil Group (DCG) has been awarded $51 million in works as part of the balance of plant contract for the Ryan Corner Windfarm in Victoria.

The Ryan Corner balance of plant contract is a $71 million contract that has been awarded to the joint venture (JV) between Decmil and engineering and construction company RJE Global.

RJE Global will receive the remaining $20 million.

The contract includes the design and construction of the civil and electrical works, including wind turbine bases, access tracks, site cabling and a switch room.

It was awarded by Spanish multinational Naturgy Energy Group’s subsidiary, GPG.

Ryan Corner will be the third windfarm developed by GPG after the successful completion of the 96 megawatt (MW) Crookwell 2 Windfarm and the 180MW Berrybank Stage-1 Windfarm.

“This award is a testament to our proven track record in successfully delivering windfarm projects, following the successful electrification of the Warradarge and Yandin wind farms this fiscal year,” CEO Dickie Dique said.

“The contract also further strengthens our long-standing relationship with RJE, who worked with us as subcontractors for the Warradarge and Yandin projects,” he added.

Work is scheduled to begin in December and slated for completion by the end of 2021.

Decmil is up 7.44 per cent on the market and shares are trading for 65 cents each at 12:20 pm AEDT.

Related News