CS Energy overhaul & capital works preferred contractor

DOWNER SELECTED AS PREFERRED OVERHAUL AND CAPITAL WORKS CONTRACTOR FOR CS ENERGY Downer EDI Limited (Downer) today announced it had been selected as the preferred contractor to deliver CS Energy's overhaul and capital works program at its power stations in Queensland. Under the five-year contract, Downer will provide overhaul and capital works services at CS Energy's Callide and Kogan Creek power stations. Downer's scope of work includes: o The planning and execution of major overhauls, associated engineering and asset management o Major projects and engineering work to support CS Energy's asset strategy o Collaborating on CS Energy's maintenance and sustaining capital strategy to improve asset performance efficiency and reliability as well as managing and predicting costs across the asset lifespan. The Chief Executive Officer of Downer, Grant Fenn, said he was very pleased to be selected by CS Energy to deliver these important asset management services, which will help ensure CS Energy continues to deliver reliable power in the National Electricity Market. "We are delighted to be selected for such a significant long-term partnership by CS Energy for the Callide B and C and Kogan Creek power stations," Mr Fenn said. "This contract strengthens our position as a market leader in the delivery of maintenance services for the power generation sector. "We look forward to working closely with CS Energy and providing efficient and cost-effective solutions that are grounded in a strong culture of safety and continuous improvement across their power station operations." The new contract is expected to be signed and take effect from early September 2019, subject to the finalisation and execution of the Asset Management Agreement. For further information please contact: Michael Sharp, Group Head of Corporate Affairs and Investor Relations +61 439 470 145 End CA:00339703 For:DOW Type:GENERAL Time:2019-08-23 11:28:45