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ICF to Help Plan for Natural Gas Pipeline Grid in India
Fairfax, Virginia,
August 3, 2009 - ICF International, Inc. (NASDAQ:ICFI), was recently awarded a new contract with the Petroleum Policy and Analysis Cell (PPAC) of India’s Ministry of Petroleum and Natural Gas. ICF will provide technical support to the PPAC to prepare a conceptual study of a national natural gas pipeline grid for India. The contract, which is jointly funded by the U.S. Trade and Development Agency and the Indian Ministry of Petroleum and Natural Gas, began in August 2009 and is valued at approximately $920,000.
Under the 10-month agreement, ICF will work with subcontractor Jacobs Consultancy to examine four major areas of the pipeline: system design, system construction, operations management, and gas transactions. Related tasks include forecasting supply and demand growth, establishing technical and commercial frameworks for operating a grid, studying transportation design issues, and defining costs for developing the grid.
“The ICF team offers a strong foundation of skills and experience in natural gas systems and markets in both the U.S. and internationally,” stated Leonard Crook, ICF vice president and natural gas expert. “Our expert team combines ICF’s extensive capabilities in natural gas market design, tariff structures, and commercial issues, with Jacobs’ experience in pipeline system engineering, design, and operations.”
ICF already operates its proprietary Integrated Planning Model (IPM®) for Indian power markets, which the firm has used to explore long-term planning issues, including potential future power demand for gas in India. IPM is a well-established model that has been used for a wide range of applications by government and industry to represent and simulate economic activities in key components of power markets.
“Natural gas continues to grow in importance to the Indian economy,” said Bishal Thapa, New Delhi-based Managing Director, ICF International (India). “We are excited about being an active participant in this growth and on the forefront of understanding this country’s gas market dynamics.”
About ICF International
ICF International (NASDAQ:ICFI) partners with government and commercial clients to deliver professional services and technology solutions in the energy and climate change; environment and infrastructure; health, human services, and social programs; and homeland security and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,500 employees serve these clients worldwide. ICF’s Web site is www.icfi.com.
FOR IMMEDIATE RELEASE
Tracey Spotts
1.703.934.3847
Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; and our ability to acquire and successfully integrate businesses. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the “Risk Factors” section of our annual report on Form 10-K for the fiscal year ended December 31, 2008 and our other filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.
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