AECOM Technology Corporation (NYSE: ACM), a leading global provider of professional technical and management support services for public and private clients in more than 130 countries around the world, announced today that it has been engaged by Transmission Developers Inc. (TDI) of Albany, N.Y., as owner’s engineer for the Champlain Hudson Power Express project (CHPE).
CHPE is a high-voltage direct current (HVDC) buried and submarine cable transmission project that will bring 1,000 megawatts of clean power, primarily generated by wind and hydropower, to the New York City metropolitan area. The transmission route will travel through New York starting at the U.S.-Canada border and pass through Lake Champlain; railroad and public rights of way; and the Hudson, Harlem and East rivers; and end in Queens. The US$2.2-billion merchant transmission project is being developed with private sector investment led by the Blackstone Group LP and is expected to be in service by late 2017.
As owner’s engineer, AECOM will support supplier and contractor selection and negotiation, environmental and regulatory permitting and compliance, and oversight of all aspects of project construction on behalf of TDI.
“AECOM is committed to playing a major role in the upgrade of energy infrastructure around the world,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “We are delighted to play a key role in a marquee project that will lower costs, increase reliability and reduce emissions as we bring to bear our extensive experience on assignments that encompass alternative energy, transmission and distribution, power generation and energy management.”Donald Jessome, president and Chief Executive Officer of TDI, said, “We are extremely pleased to be working with AECOM and look forward to fully utilizing its world-class team as we complete this very important energy project, which will upgrade the transmission infrastructure and bolster the economy of New York state.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts