Downer EDI awarded AusNet gas contract extension

Company News

by Rachael Jones

Downer EDI (ASX:DOW) has been awarded a five-year extension on its gas services contract with AusNet Services worth approximately $350 million.

It will start in April 2021 and will see Downer continue to provide operations, maintenance, capital works and 24/7 emergency response for AusNet’s gas distribution network.

This gas contract extension follows Downer’s recent announcement that it had been selected by AusNet to provide operational and maintenance services for its entire electricity distribution network for a period of five years worth approximately $600 million.

Shares in Downer EDI (ASX:DOW) are trading 0.14 per cent higher at $7.26.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.