24th Nov 2014 07:00
24th November 2014
WYG plc
("the Company" or "WYG")
WYG Confirm Significant Nuclear New Build Contract in Poland
WYG plc, the global programme, project management and technical consultancy, is pleased to confirm that further to the announcement made on 17th July 2014 it has now entered into a contract with Amec Foster Wheeler, which has been formally appointed by PGE EJ1, a subsidiary of Polish state-controlled Polska Grupa Energetyczna SA, to support the development of Poland's first nuclear power plant over the next 10 years.
As previously announced, the contract is expected to be worth a minimum of £6.2 million to WYG for the required scope during the next three years, rising to up to £35m if all optional work is undertaken over the 10 year period.
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 we now have a firm contract in place to work together with Amec Foster Wheeler 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 building 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 / Liam Gribben
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