4th Nov 2015 07:00
4 November 2015
Servelec Group PLC
("Servelec" or the "Company")
Servelec announces new framework agreement with Drax Power Station
Servelec is delighted to announce a new framework agreement with Drax Power Limited with initial work already agreed. Contracts placed as part of the framework agreement will be delivered by the Controls business, part of the group's Automation division.
Drax Power Limited is the operating subsidiary of FTSE 250 Company, Drax Group plc and the owner and operator of Drax Power Station, the UK's largest power station responsible for meeting 7-8% of the UK's electricity needs. Drax is Europe's single largest decarbonisation project and the planned full conversion of its third generating unit in 2016 will see half the Power Station producing renewable electricity from sustainable biomass.
The framework agreement is effective from September 2015 and will run for 5 years, enabling Drax to place work with Servelec Controls for the supply of automation and IT services.
The initial contract is part of an investment in the existing infrastructure at Drax Power Station with the provision of 4 new large air compressors and dryers. Servelec is to integrate the controls of the new equipment into the existing Common Services control system.
Alan Stubbs, CEO of Servelec Group, commented:
"This new 5-year framework agreement with Drax Power Station is a fantastic opportunity for Servelec Controls to further demonstrate its 35 year experience in this market. This is a new relationship and one which we value highly. We look forward to supporting Drax Power Limited in the transformation of their business as well as the opportunities this agreement will present for Servelec Controls."
For further enquiries, please contact:
Servelec Group plc Alan Stubbs, Chief Executive Officer Mike Cane, Chief Financial Officer
| +44 (0) 1246 437 400 |
Investec Bank plc Dominic Emery/Sebastian Lawrence Patrick Robb/Matt Lewis
| +44 (0) 207 597 5097 |
Tulchan Group James Macey-White/Louise Högberg
| +44 (0) 20 7353 4200 |
Notes to Editors
Servelec Group plc is a UK-based technology group, with significant intellectual property, providing software, hardware and services predominantly to the UK healthcare, oil & gas, nuclear, power, water, utilities and broadcast sectors.
Servelec has two operating segments; Servelec Health & Social Care and Servelec Automation:
- Servelec Health & Social Care specialises in the design, development and implementation of Electronic Patient Record (EPR), Patient Administration Systems (PAS) and Patient Flow within secondary care settings and Case Management (CM) software within Adults and Childrens social care settings. Servelec is a market leader in the mental health, community health and social care sectors in England.
- Servelec Automation comprises Servelec Controls and Servelec Technologies and provides complex, mission-critical control systems to large blue-chip companies mainly in the UK, focusing on the oil & gas, power & nuclear, water, utilities and broadcast industries. Servelec Automation also provides services from consultancy through to design, implementation, delivery, installation and on-going customer support and maintenance.
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