|
contents | business | |||||||||
| Balfour Beatty signs contract with National Grid for a new alliance  UK construction giant Balfour Beatty has signed a contract with National Grid for a new five-year alliance, likely to be worth approximately £550 million, to upgrade and develop the electricity transmission network in the eastern half of England. There is an option to extend the alliance for a further five years. The alliance contract, which is part of one of the largest procurement exercises undertaken by National Grid, will support their increased investment in the electricity transmission network and contribute to long-term security of supply. The works are required to connect new infrastructure such as wind farms and new generation plant to the Grid. They will also cover the enhancement and replacement of existing assets.The contract, which will come into force in March 2007, is one of two overhead line and four sub-station alliance contracts due to be signed by National Grid in the coming weeks. Balfour Beatty is a partner to National Grid in its 30-year gas mains network replacement programme for the North West of England, under an eight year alliance contract worth approaching £400 million. write your comments about the article :: © 2007 Construction News :: home page |