17th Jul 2014 07:00
17 July 2014
WYG plc
("the Company" or "WYG")
WYG Consortium Win for Significant Nuclear New Build Programme in Poland
WYG plc, the global programme, project management and technical consultancy, is pleased to announce that it has been appointed as a key partner in a consortium, led by AMEC plc, that has been appointed by PGE EJ1, a subsidiary of Polish state-controlled 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 £6.2 million to WYG for required scope during its initial phases, rising to up to £35m if all optional work is undertaken over the 10 years."
Two locations close to the Baltic coast have been shortlisted for evaluation. The Polish government wants the first plant, capable of producing approximately 3000 megawatts of electricity, to be operational by 2024.
Under the contract WYG will provide a broad spectrum of technical support services including: contract administration, engineering support, licensing and permitting, management systems, site infrastructure, quality assurance and, vendor and supply chain oversight.
Paul Hamer, Chief Executive Officer of WYG, said:
"I am delighted that WYG has been selected to work together with AMEC to deliver one of the most significant projects in Poland's infrastructure programme. We will be drawing on our experience built up over more than 20 years working on nuclear sites in the UK to help the Polish government achieve its long term objectives.
"The appointment is also a major advance in our aim of growing a significant presence in the wider energy sector through our model of collaborative working with major, blue-chip partners."
ENDS
WYG plc Tel: 0113 278 7111
Paul Hamer, Chief Executive Officer
Sean Cummins, Group Finance Director
MHP Communications Tel: 020 3128 8100
John Olsen / Katie Hunt / Vicky Watkins / Ollie Hoare
N+1 Singer Tel: 020 7496 3000
Sandy Fraser / Richard Lindley
WH Ireland Limited Tel: 0113 394 6600
Andrew Kitchingman / James Bavister
Related Shares:
WYG