Preferred bidder for potential ?500m partnership

RNS Number : 3150R

Morgan Sindall Group PLC

02 November 2011

 



2nd November 2011

MORGAN SINDALL AND VINCI ENERGIES JOINT VENTURE

CONFIRMED AS PREFERRED BIDDER FOR POTENTIAL £500 MILLION

ELECTRICITY TRANSMISSION OVERHEAD LINE PARTNERSHIP

Morgan Sindall Group plc, the construction and regeneration group, today announces that Morgan Sindall, its construction and infrastructure division, as part of joint venture MSVE Transmission, has been appointed preferred bidder for a potential £500 million Electricity Transmission Overhead Line partnership to deliver National Grid's overhead line construction programme for the next five years.

Morgan Sindall will work in joint venture with Vinci Energies, a company which provides a range of high value-added services in energy and information technologies.

The majority of the first year's work will be spent on the design and development of the programme of work scheduled in years two to five. The first year will also include a project to replace the Quad Aluminium Conductor Steel Reinforced (ACSR) fittings on a 400kV overhead line. The partnership's scope for the remainder of the contract will include a variety of projects to refurbish and construct 400kV overhead lines and towers across England and Wales.  

Paul Smith, Chief Executive of Morgan Sindall Group plc, said:       

"We are seeing a number of opportunities in the energy sector and the combination of our specialist skills and experience of working with energy providers leaves us well placed to benefit from this trend."

 "This is an excellent appointment for our construction and infrastructure business which firmly emphasises our market-leading position."

Ends

Notes to Editors:

Morgan Sindall Group plc

Morgan Sindall Group plc is a leading UK construction and regeneration group with revenue of over £2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

Morgan Sindall

Morgan Sindall is a UK construction, infrastructure and design business with a network of local offices. The company works for private and public sector customers on projects from £50,000 to over £500 million. Activities range from small works and repair and maintenance, to the design and delivery of complex construction and engineering projects where it is able to provide specialist design, tunnelling, utilities, building, civil engineering and mechanical and electrical services. The company operates across the commercial, defence, education, energy, healthcare, industrial, leisure, retail, transport, waste and water sectors. Morgan Sindall is part of Morgan Sindall Group plc, a leading UK construction and regeneration group with revenue of over £2 billion and which operates through five divisions of construction and infrastructure, affordable housing, fit out, urban regeneration and investments.

ENQUIRIES:

Morgan Sindall Group plc                                       Tel: [phone]

Paul Smith, Chief Executive

David Mulligan, Finance Director

Blythe Weigh Communications                               Tel: [phone]

Tim Blythe                                                                   Mobile: [phone]

Ana Ribeiro                                                                 Mobile: [phone]

Matthew Neal                                                              Mobile: [phone]

 

END

 

 

NRADGBDBCGGBGBB