Viento wins $8m BHP contract

Viento Group has been awarded a $7.9 million contract by BHP Billiton Iron Ore for refurbishment at its OHP Substation in Yandi.

It adds to a $9.8 million pipeline construction works contract Viento won, along with joint venture partner Kimberley Pipelines, for the first stage of Fortescue Metals Group’s North Star magnetite project in the Pilbara last month.

Viento executive chairman Ray Munro said the contract was a milestone for the turnkey supply of power services for the group.

Viento shares last traded at 12 cents per share.

See full media release below.

POWER INFRASTRUCTURE SERVICES AWARDED BHP YANDI CONTRACT

Viento Group Limited (Viento, ASX: VIE) today announces that its subsidiary entity Power

Infrastructure Services Pty Ltd (Powins) has been awarded a contract with BHP Billiton Iron Ore

Pty Ltd at Yandi for the refurbishment of the OHP Substation. The contract value is $7.9 million

(excluding GST). This contract together with recent significant variations to the Schneider Electric

Wheatstone LNG Downstream project Switch room contract for HVLV Pty Ltd have added

$11.0 million (excluding GST) to the Electrical division’s order book.

Viento Executive Chairman Ray Munro said “the contract is a significant milestone for the turnkey

supply of power services for the group. Viento and Powins look forward to the safe and efficient

delivery of the contract. Powins have the combined expertise to deliver large scale projects and

we look forward to the exciting opportunities ahead for this division.”

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