28th Mar 2007 07:01
Babcock International Group PLC28 March 2007 28 March 2007 BABCOCK INTERNATIONAL GROUP PLC EDF Energy Networks Alliance Contract Babcock International Group PLC ("Babcock") announces that its Networks businesshas been appointed as alliance partner to EDF Energy Networks for the deliveryof overhead transmission line works in the East of England, the South East andLondon. Babcock Networks has widespread experience in alliance partnering, and throughEve, its power transmission division, it has recognised expertise in the fieldof overhead transmission line design and engineering. The contract, worth approximately £50m over a five-year period, will cover theupgrade and development of EDF Energy Networks' transmission infrastructure.Babcock Networks with its partner EDF Energy Networks will commence activitieson this contract in the first quarter of the 2007/08 financial year. Peter Rogers, Chief Executive of Babcock, commented: "This is a significant win for Babcock and recognises our expertise in the longterm network support we provide to every infrastructure owner in thetransmission industry. The award presents an excellent opportunity for longterm planning which will give our business real efficiency benefits. We lookforward to working in partnership with EDF over the coming years." - Ends - Enquiries: Babcock International Group PLC Tel: 020 7291 5000Peter Rogers (Chief Executive)Bill Tame (Finance Director)Jeffrey Bradford (Head of Investor Relations) FD Tel: 020 7269 7121Andrew Lorenz / Susanne Walker Notes to editors: About Babcock International Group PLC Babcock International Group PLC is an asset management business. We managefixed infrastructure and mobile assets for a range of blue chip customers.Babcock integrates labour, technical capabilities, systems and supply chainpartners to meet the outsourcing needs of customers for 'mission-critical'capabilities. In the year to 31 March 2006 sales from continuing business were £837 million. The Group operates across five core business segments: Defence Services, supplying facilities management, equipment support andtraining services to the armed forces. Technical Services, providing engineering and logistical support to both thedefence and civil sectors in the UK. Engineering and Plant Services, supplying design, installation and maintenancesupport to the energy sector in Africa and the US. It also holds the Volvofranchise for construction equipment in Southern Africa. Rail, providing design, renewal and installation services for the UK railinfrastructure. Networks, supporting the design, maintenance and renewal of power transmissionand cellular telecommunications networks in the UK. Babcock's head office is in London and the Company's shares are quoted on theLondon Stock Exchange in the support services sector (EPIC: BAB). For furtherinformation, please visit Babcock's website at www.Babcock.co.uk. About EDF Energy Networks EDF Energy is one of the UK's largest energy companies. We provide power to aquarter of the UK's population via our electricity distribution networks inLondon, the South East and the East of England. We supply gas and electricityto over 5 million customers and generate about 5GW of energy from our coal andgas power stations, as well as combined heat and power plants and wind farms.The company is also a key player in national infrastructure projects, includingthe electrical upgrading of the London Underground, management of privateelectricity networks serving four London airports and the Channel Tunnel RailLink, the country's first new railway in 100 years. We employ nearly 13,000people at locations across the UK. EDF Energy is a core part of EDF Group, oneof the world's largest power companies. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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