PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today that it completed
a study investigating the potential use of Redeemable Biomass
Electricity Credits (RBEC) in the province of Riau in Indonesia.
The project was in collaboration with Universitas Muhammadiyah in Riau,
Sumatra with grant funding provided by the Energy
and Environment Partnership Indonesia (EEP), supported by the
Ministry of Foreign Affairs of Finland.
Through the study, Jacobs assessed the feasibility of rural communities
in Riau trading biomass with a power plant operator in exchange for
RBECs credited against their electricity accounts; potentially
increasing their access to affordable electricity and improving quality
of life for residents, as well as reducing the environmental impact of
agricultural waste.
The study explores how the RBEC concept could work in practice;
analyzing financial, social, logistical and environmental considerations
for the various stakeholders involved; including farmers, collectors,
transporters, power plant developers, electricity purchasers and
regulators. The completed study, which also identified potential pilot
project locations, was presented to the Ministry of Energy and Mineral
Resources of the Government of Indonesia.
In making the announcement, Jacobs Group Vice President Kevin McMahon
stated, “We are pleased to take part in opportunities like this one that
utilize our technical expertise to examine ways to deliver potential
benefits to the communities of countries around the world in which we
operate.”
Jacobs is committed to delivering safe and sustainable solutions for its
clients worldwide. Last year, Jacobs contributed to reducing clients’
carbon footprint by 4.3 million metric tons. To learn more, please
download Jacobs’
Sustainability Report as a PDF or an app.
Jacobs is one of the world’s largest and most diverse providers of
technical professional and construction services.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2013 Form 10-K, and in
particular the discussions contained under Items 1 - Business, 1A - Risk
Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and
Analysis of Financial Condition and Results of Operations. We do not
undertake to update any forward-looking statements made herein.
Source: Jacobs Engineering Group Inc.