Global services provider, Tetra Tech, has secured a contract worth $57 million (Rs. 5.98 billion) from the US Agency for International Development (USAID). The engineering service provider will promote the delivery of clean energy in Pakistan.
About Tetra Tech
Tetra Tech is a global consultation and engineering services provider with focus on water, environment, infrastructure, resource management, energy, and international development. The company has scored several contracts in Asia for clients like USAID.
Terms of the Contract
USAID also wants Tetra Tech to support its efforts in economic and social development in the country.
Dan Batrack, Tetra Tech’s chairman and Chief Executive Officer (CEO), said,
Tetra Tech has delivered innovative energy sector performance improvement solutions to governments and electric utilities for decades. We look forward to assisting USAID and the Government of Pakistan in this important programme.
Under the contract, Tetra Tech will assist project developers and investors in Pakistan to leverage the country’s demand in the power sector. It will assist such investors in accessing finances for clean projects. USAID wants the company to facilitate the generation of 2,000MW to 3,000MW of clean energy in Pakistan over the next four years and enable ‘Clean Energy for Pakistan’s Economy initiative’.
According to USAID, these reforms will help Pakistan enhance its policy reform agenda and increase its private sector investment while ensuring a sustainable supply.
The contract specifically requires Tetra Tech to provide its technical services to boost private investment in clean energy sector. The company will need to increase the transmission system’s capacity and energy markets while improving the commercial viability of power distribution subsector. Finally, Tetra Tech has also been tasked to improve sector governance through policy reforms in order to create an environment suitable for investment and privatization in the power sector.