com:20080530:Rnsd5669V
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RNS Number : 5669V  
  
Kentz Corporation Ltd  
  
30 May 2008  
  
Kentz Group awarded $208 million contract in Qatar  
  
Friday 30 May 2008 - KENTZ GROUP, through its operating unit Qatar KENTZ 
(W.L.L.), is delighted to announce that it has been awarded a US$208million 
contract for the design, supply and delivery of the main electrical systems on 
the prestigious Sidra Medical and Research Centre in Doha, State of Qatar.   
  
Qatar KENTZ has agreed the Letter of Award for the contract with the main 
contractor - a  joint venture between Spain's OHL and US-based Contrack 
International.  
  
The Sidra Medical and Research Centre project is valued at around US$2.3 billion 
and will deliver world class clinical care, medical education and biomedical 
research. KENTZ has already begun preparing the scope of work for the project, 
which is scheduled for completion in mid-2011.  
  
Since commencing operations in 1997, Qatar KENTZ has successfully completed 25 
projects for Qatar Petroleum or Qatar Petroleum subsidiary companies primarily 
in the Oil and Gas Sector. In addition to these, Qatar KENTZ is currently 
executing major projects for other international clients in the Ras Laffan area 
of Qatar.  
  
Dr Hugh O'Donnell, CEO of KENTZ Group, said "KENTZ Group views this award as a 
significant milestone in our working relationship with Qatar Foundation and 
Qatar Petroleum. This project provides a backbone of high value-added design, 
procurement and construction services, which are very similar to the specialist 
EPC services that Qatar KENTZ is currently providing to Qatar Petroleum and 
their joint venture international oil company partners in Qatar"  
  
Qatar KENTZ will work in consortium with Voltas, which is one of the leading 
TATA Group of companies from India. Voltas will execute the Mechanical Services 
portion of the project. The combined value of the KENTZ Voltas Consortium scope 
is in excess of US$ 400 million.  
  
Qatar KENTZ scope in the three year project will be the detailed design, 
procurement, installation and commissioning of the high voltage electrical 
systems, medium and low voltage electrical systems, lighting, building 
automation and ancillary systems.   
  
Ends   
  
Evolution Securities Limited (Nomad)     
  
Tel: +44 (0)20 7071 4300  
  
Rob Collins  
  
Tim Redfern  
  
Powerscourt (Financial PR advisors)    
  
Tel: +44 (0)20 7250 1446  
  
Elizabeth Rous  
  
Rob Greening   
  
About Kentz  
  
 
 * Kentz is a successful engineering contractor, which serves clients primarily 
in the oil and gas, petrochemical and mining and metals sectors. The Company's 
principal activities are the provision of mechanical, electrical, controls and 
instrumentation engineering, construction and management services  
 * Kentz offers services to global customers; its geographical presence aims to 
reflect the demand of those clients. Kentz currently has activities in Saudi 
Arabia, Kuwait, Qatar, UAE, South Africa, Mozambique, Zambia, Madagascar, 
Russia, Azerbaijan, Kazakhstan, Malaysia, Indonesia, USA, Canada, the Caribbean, 
Australia, Norway and Ireland. Kentz operates in some of the most remote 
locations on earth 
 * The Group's turnover is derived from blue chip end user clients and also from 
engineering, procurement and construction (EPC) contractors. The Group's end 
user clients include Shell, ExxonMobil, Chevron, Marathon, HESS and Sasol in the 
oil and gas sector, SIPChem, Linde and Krupp Uhde in the petrochemicals sector 
and One Steel, Mittal Steel and Anglo Coal in the mining and metals sector. The 
Group's EPC contractor clients include Fluor, Bechtel, JGC, Foster Wheeler and 
Technicas Reunidas.  
 * Kentz has a proven health and safety record  
 * Kentz has an experienced senior management team and has the ability to source 
an experienced and technically skilled workforce. The average length of service 
of the top 100 core management is over 18 years. Kentz currently employs over 
7,000 people on a full time basis  
 * In the year ending December 2007, the company generated revenues of $545 
million and profit before tax of $34 million 
 * Kentz can trace its origins to 1919 through the activities of various M F 
Kent entities. The Company is incorporated in Jersey.   
  
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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