Downer EDI Limited (Downer) announced it had been awarded an Electrical Field Services Agreement with Powerco worth approximately $360 million over a maximum term of five years. Commencing in July 2022, the contract is for an initial three-year term, with two one-year extension options. The contract replaces Downer's current Electrical Field Services Agreement, which ends in June, and will see Downer provide construction, maintenance and fault repair services to Powerco's electricity distribution network on New Zealand's North Island.