Babcock International Group PLC
23 January 2008
23 January 2008
Babcock International Group PLC
Award of £70 million Electricity Generation Support Services Contract
Babcock International Group PLC, the support services company, announces that
its subsidiary ALSTEC has been awarded a contract by British Energy Generation
Limited to provide long term support services for the UK fleet of 7 AGR Power
Stations.
This contract builds on the existing successful relationship between British
Energy and ALSTEC. It will enable ALSTEC to provide British Energy with
specialist fuel route and reactor protection system engineering services to
support the extension of the operating lives of the AGR Power Stations. In
addition, ALSTEC will supply, operate and maintain specialist reactor graphite
core inspection and sampling equipment to support the programme of statutory
reactor inspection outages.
The contract is anticipated by ALSTEC to be worth in excess of £70 million for
work commencing in April 2008 and will run through to 2012. British Energy has
options to extend the contract through the operating lives of the AGR power
stations, including Stage 1 of the decommissioning programme. This process
could extend beyond 2020.
Peter Rogers, Babcock's Group Chief Executive, commented:
'We are delighted that British Energy has chosen ALSTEC to work in long-term
partnership with it on this contract. This award recognises not only ALSTEC's
nuclear engineering expertise but also the Babcock partnership approach to the
management of critical assets.'
Enquiries
Babcock International Group PLC
Bill Tame 020 7291 5000
FD
Andrew Lorenz 020 7269 7121
Susanne Yule
This information is provided by RNS
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