Tempo wins up to $30m in Woolies work

27/02/2019 - 14:26

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Tempo has secured a contract with Woolworths estimated to be worth between $20 million and $25 million over a three-year term, with a scope for more works over the contract term worth about $5 million.

Ian Lynass says Tempo hopes to grow its 12-year relationship with Woolworths.

Tempo Australia has secured a contract with Woolworths estimated to be worth between $20 million and $25 million over a three-year term, with a scope for more works over the contract term worth about $5 million.

Under the contract, Tempo will provide national electrical maintenance services to Woolworths, which continues its 12-year relationship with the retail giant.

The contract is set to commence on March 1.

Tempo managing director Ian Lynass said Tempo hoped to grow its relationship with Woolworths.

“This services contract continues to build on our strategic focus to deliver long term annuity style work nationally,” he said.

Tempo also announced it finalised a 12-month, $15.1 million electrical infrastructure construction contract at the 34MW Cohuna Solar Farm in Victoria.

In September, the company announced it had received a limited notice to proceed at the solar farm from operator Enel Green Power Australia.

Shares in Tempo were up 4.35 per cent to trade at 12 cents each at 12.30pmAEDT.

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