Interserve JV wins GBP150m power plant contract

News Release

12 March 2015

INTERSERVE JV WINS £150 MILLION CONTRACT TO BUILD ROTHERHAM BIOMASS POWER PLANT

A Joint Venture between Interserve, the international support services and construction group, and Babcock & Wilcox Vølund has been awarded a £150 million contract by the Brite Partnership North East to build a biomass-fired power plant in Rotherham.

Based in Templeborough, Rotherham, the 'Brite' power plant will be fired with locally sourced waste wood and have a capacity of 45 MW. The power output generated from the plant will be equivalent to the energy consumption of 70,000 households and result in an annual carbon dioxide reduction of 360 tonnes.

Andy Jarman, Commercial Director at Interserve said:

"The waste sector is a key growth area for Interserve. We recognise that projects of this type are highly technical and challenging, requiring key expertise to construct, operate and maintain. This is why we have formed a strategic partnership with Babcock & Wilcox Vølund who will operate and maintain the Brite plant from 2017."

Work on the Brite plant is expected to start in the coming weeks, with the facility expected to be fully operational in the second quarter of 2017. Interserve's portion of the project, which received £150 million of investment from Copenhagen Infrastructure Partners, is worth circa £50 million.

The Biomass fuel used in the facility will be sourced on a long-term contract from Stobart Biomass Group.

Ends

For further information please contact:

Interserve Press Office Tel: 0118 932 0123

or

Michael Kinirons Tel: 0203 219 8816

CNC

About Interserve

Interserve is one of the world's foremost support services and construction companies. Our vision is to redefine the future for people and places. Everything we do is shaped by our core values. We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and listed in the FTSE 250 index. We have gross revenues of £3.4 billion and a workforce of circa 80,000 people worldwide. Website:www.interserve.com. For all news follow: @interservenews