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Re Contract

11th Jan 2012 07:00

RNS Number : 3329V
AMEC PLC
11 January 2012
 



 

AMEC JV awarded five-year National Grid contract extension

 

 

London, United Kingdom (11 January 2012) - A joint venture of AMEC, the international engineering and project management company, Babcock Networks Ltd and Mott MacDonald Group has been awarded a five-year extension by National Grid to its existing five-year Electricity Alliance West contract to upgrade overhead power lines and underground cables across the western half of England and all of Wales.

 

The extension, with an estimated value of around £650 million, will see the joint venture continue to provide engineering, management and construction services to 2017. AMEC and Babcock International Plc are the major partners with 47.5 per cent share each.

 

Mike Saunders, President of AMEC's Power and Process Europe business said: "This extension to 2017 is testimony to the excellent day-to-day performance of the Alliance and the focus we have placed on ensuring we safely meet the requirements of a very important and long-standing customer."

 

Peter Boreham, UK Construction Director for National Grid said: "In the period up to 2021, National Grid expects to invest around £20 billion in our gas and electricity transmission infrastructure to support the UK's growing energy needs.

 

"Our Construction Division has a major role to play in supporting this unprecedented level of growth and the continuation of our alliance partnerships will play a pivotal role in successfully delivering that forecasted increase, with a continued focus on delivering our work safely, efficiently and sustainably."

 

-Ends-

Enquiries to:

 

AMEC plc +44 (0) 20 7539 5800

 

Sue Scholes, Director of Communications

Nicola-Jane Brooks, Head of Investor Relations

 Media contacts:Frank Stokes, Media Relations, AMEC plc - +44 (0) 1452 872121; [email protected]

Harold Ashurst, Communications, Power & Process Europe, +44 (0)1565 684503; [email protected]

Notes to editors:

AMEC (LSE: AMEC) is a focused supplier of consultancy, engineering and project management services to its customers in the world's oil and gas, minerals and metals, clean energy, environment and infrastructure markets. With annual revenues of around

£3 billion, AMEC designs, delivers and maintains strategic and complex assets and employs some 27,000 people in around 40 countries worldwide.

 

AMEC has undertaken extensive work for National Grid on both sides of the Atlantic, with the strong relationship in the current form going back to 2004. The company's work with predecessor companies stretches back further with AMEC providing electricity support for more than 40 years and gas support for almost a century.

For further information visit amec.com 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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