com:20080828:Rnsb1637C
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RNS Number : 1637C  
  
Kentz Corporation Ltd  
  
28 August 2008  
  
Kentz Group awarded US$250 million contract in South Africa  
  
Thursday, 28th August 2008 - Kentz Group, through its operating unit Kentz (pty) 
Ltd, South Africa, is delighted to announce that it has been awarded a contract 
in excess of Rands 1.75 billion (US$250 million) for the procurement, 
fabrication and site installation of the air-cooled condensers and associated 
equipment on the new Medupi Power Station in the Limpopo Province.  
  
The agreement between Germany-based GEA Energy Technology Division through its 
South Afircan subsidiary GEA Aircooled Systems (Pty) Ltd and Kentz was reached 
following Kentz' support to GEA during the bidding process.  
  
Alstom is in charge of the engineering, procurement and construction of the six 
turbine islands.  
  
The Medupi project, which is a greenfield 6 x 740MW coal fired power station, 
forms part of a US$12 billion investment programme by Eskom, the South African 
power supply and utility group, which will span six years. GEA's responsibility 
includes the turnkey delivery of the overall technology package for the 
air-cooled condensing system.   
  
The Kentz workscope includes the procurement, detailing, shop fabrication and 
installation of approximately 36,000 tonnes of steel structure and platework, 
40,000 tonnes of mechanical equipment and 1,800 tonnes of piping over a four and 
half year period.  
  
Kentz has been operating in South Africa for almost 30 years as an engineering 
and construction group offering a wide variety of services across the Southern 
African region, and is structured to take advantage of growth in the 
petrochemical, mining and power sectors over the forseeable future.  
  
Dr. Hugh O'Donnell, CEO of Kentz Group, said: "We are delighted that GEA has 
chosen Kentz as its partner for this prestigious project. This is a major 
opportunity for our Company to be involved in the rapidly expanding power sector 
in South Africa. We look forward to working with the GEA team and to 
demonstrating our energy services expertise on this venture."   
  
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  
  
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 
8,000 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  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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