Babcock awarded National Grid contract extension

RNS Number : 3396V

Babcock International Group PLC

11 January 2012

 



11 January 2012                                                                                            

Babcock International Group PLC (Babcock)

Babcock JV awarded five year extension to National Grid contract

A joint venture (jv) of Babcock, the UK's leading engineering support services company, AMEC and Mott MacDonald Group, has been awarded a five year extension to its existing Electricity Alliance West framework contract to maintain and upgrade overhead power lines across the United Kingdom. 

The contract, with an estimated total value of c £650 million, will see the jv continue to provide design engineering, programme management and construction services through to March 2017.  Babcock and AMEC are majority partners in the jv, each with a 47.5% share.   

Commenting on the announcement, Peter Rogers, Chief Executive of Babcock, said:

"We are delighted that our long standing customer National Grid has extended our existing contract, which reflects the excellent performance of the Alliance over the past five years.  We look forward to building on this partnership with National Grid as it delivers the significant investment programme required to support the UK's growing energy needs."

Enquiries

Babcock International Group PLC

Peter Rogers, Chief Executive                                               Tel: [phone]
Bill Tame, Finance Director
Terri Wright, Head of Investor Relations

FTI Consulting

Andrew Lorenz                                                                     Tel: [phone]
Nick Hasell

 

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