17th Jul 2014 09:19
LONDON (Alliance News) - WYG PLC Thursday said it has been appointed as a partner in a consortium, led by AMEC PLC, that has been appointed by PGE EJ1, a subsidiary of Polska Grupa Energetyczna SA, as preferred bidder to support the development of Poland's first nuclear power plant over the next 10 years.
The contract, which is expected to be confirmed in the next few weeks, will be worth a minimum of GBP6.2 million to WYG, rising to up to GBP35 million if all optional work is undertaken over the 10 years, the company said.
Under the contract WYG will provide a broad spectrum of technical support services including contract administration, engineering support, licensing and permitting, management systems and site infrastructure.
The Polish government wants the first plant, capable of producing approximately 3000 megawatts of electricity, to be operational by 2024.
Two locations close to the Baltic coast have been short-listed for evaluation.
AIM-listed WYG shares were quoted up 2.9% at 107.00 pence Thursday morning. In the FTSE 250, AMEC shares were off 0.8% at 1,180.84p.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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