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Stock impact report

Atlantic Shores picks Riggs Distler for substation expansion in NJ, US [Yahoo! Finance]

WORLEY LTD UNSP/ADR (WYGPY) 
Company Research Source: Yahoo! Finance
The contract covers the engineering, procurement, construction and installation of new electrical equipment to expand the 230 kV Cardiff substation in Egg Harbor Township, Atlantic County. The expansion entails site preparation and construction of a new electrical enclosure and control building to accommodate a 230kV gas-insulated switchgear (GIS) system with its associated controls. Additional improvements include outdoor electrical equipment, 230 kV duct banks, auxiliary equipment, site fencing and cable trenches. Riggs Distler president and CEO Steve Zemaitatis stated: “Riggs Distler is proud to support Atlantic Shores on this important infrastructure project connecting offshore wind energy to the grid in New Jersey. “Along with our partners, Jingoli Power and Worley Engineering, our work is creating economic growth and job opportunities right here in our own backyard as we work to build a cleaner energy future.” Atlantic Shores Project 1 will supply more than 1.5GW of c Show less Read more
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