Babcock International Group PLC
28 March 2007
28 March 2007
BABCOCK INTERNATIONAL GROUP PLC
EDF Energy Networks Alliance Contract
Babcock International Group PLC ('Babcock') announces that its Networks business
has been appointed as alliance partner to EDF Energy Networks for the delivery
of overhead transmission line works in the East of England, the South East and
London.
Babcock Networks has widespread experience in alliance partnering, and through
Eve, its power transmission division, it has recognised expertise in the field
of overhead transmission line design and engineering.
The contract, worth approximately £50m over a five-year period, will cover the
upgrade and development of EDF Energy Networks' transmission infrastructure.
Babcock Networks with its partner EDF Energy Networks will commence activities
on this contract in the first quarter of the 2007/08 financial year.
Peter Rogers, Chief Executive of Babcock, commented:
'This is a significant win for Babcock and recognises our expertise in the long
term network support we provide to every infrastructure owner in the
transmission industry. The award presents an excellent opportunity for long
term planning which will give our business real efficiency benefits. We look
forward to working in partnership with EDF over the coming years.'
- Ends -
Enquiries:
Babcock International Group PLC Tel: 020 7291 5000
Peter Rogers (Chief Executive)
Bill Tame (Finance Director)
Jeffrey Bradford (Head of Investor Relations)
FD Tel: 020 7269 7121
Andrew Lorenz / Susanne Walker
Notes to editors:
About Babcock International Group PLC
Babcock International Group PLC is an asset management business. We manage
fixed infrastructure and mobile assets for a range of blue chip customers.
Babcock integrates labour, technical capabilities, systems and supply chain
partners to meet the outsourcing needs of customers for 'mission-critical'
capabilities.
In the year to 31 March 2006 sales from continuing business were £837 million.
The Group operates across five core business segments:
Defence Services, supplying facilities management, equipment support and
training services to the armed forces.
Technical Services, providing engineering and logistical support to both the
defence and civil sectors in the UK.
Engineering and Plant Services, supplying design, installation and maintenance
support to the energy sector in Africa and the US. It also holds the Volvo
franchise for construction equipment in Southern Africa.
Rail, providing design, renewal and installation services for the UK rail
infrastructure.
Networks, supporting the design, maintenance and renewal of power transmission
and cellular telecommunications networks in the UK.
Babcock's head office is in London and the Company's shares are quoted on the
London Stock Exchange in the support services sector (EPIC: BAB). For further
information, please visit Babcock's website at www.Babcock.co.uk.
About EDF Energy Networks
EDF Energy is one of the UK's largest energy companies. We provide power to a
quarter of the UK's population via our electricity distribution networks in
London, the South East and the East of England. We supply gas and electricity
to over 5 million customers and generate about 5GW of energy from our coal and
gas power stations, as well as combined heat and power plants and wind farms.
The company is also a key player in national infrastructure projects, including
the electrical upgrading of the London Underground, management of private
electricity networks serving four London airports and the Channel Tunnel Rail
Link, the country's first new railway in 100 years. We employ nearly 13,000
people at locations across the UK. EDF Energy is a core part of EDF Group, one
of the world's largest power companies.
This information is provided by RNS
The company news service from the London Stock Exchange
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