Downer secures NZ$600m Powerco contract; EMOS extension granted

Downer EDI (NZX:DOW) today announced it has been awarded a significant Electricity Field Services Agreement with New Zealand's Powerco, valued at approximately NZ$600 million (AU$540 million) over a maximum term of 12 years. The contract, commencing on July 1, 2025, covers maintenance, minor capital works, and fault repair services across two regions of Powerco's electricity distribution network on New Zealand's North Island.