Re Contract

RNS Number : 1828D

Balfour Beatty PLC

11 September 2008

 



BALFOUR BEATTY SELECTED FOR ALLIANCE TO CARRY OUT

$C700 MILLION CONTRACT FOR ATCO ELECTRIC'S CAPITAL WORK PROGRAMME IN ALBERTA, CANADA

Balfour Beatty, the international engineering, construction, services and investment Group, announces today that it has signed an alliance agreement with ATCO Electric and United Group Limited of Australia, to assist ATCO Electric in completing its capital programme. 

Balfour Beatty will provide engineering, construction, procurement and project management services. The project will be carried out by Balfour Beatty Management, the Group's professional and technical services arm, and Balfour Beatty Utility Solutions, the Group's specialist electricity, gas and water utilities engineering and construction business.

Within its service area, ATCO Electric will undertake a large portion of the necessary transmission capital work identified in the 2007 - 2017 Alberta Electric System Operator's (AESO) 10-year transmission system plan. In its plan, AESO identifies the potential need for $C5 billion in transmission development to ensure a reliable supply of electricity for Alberta.

Commenting on the alliance agreement, Balfour Beatty Chief Executive Ian Tyler said:

'We are delighted to have been selected to play a major role in ATCO Electric's significant capital programme in Alberta. Our expertise and resources will supplement ATCO Electric's own capacity in meeting the electrical transmission needs of a region experiencing rapid growth.'

ATCO Electric's current capital work programme estimates imply an alliance contract value of approximately $C700 million over the next five years.

Specifically the work will include the design of transmission lines and substations, procurement of equipment, materials and services, project management and construction of the transmission lines and substations and overall programme management.

-ENDS-

Enquiries to:    

Tim Sharp

Tel: [phone]

www.balfourbeatty.com

Notes to Editors:

1.	ATCO Electric is part of the ATCO Group of Companies, an Alberta based worldwide organisation of companies with assets of approximately $C8.5 billion and more than 7,800 employees. ATCO is comprised of three main business divisions: Power Generation; Utilities (natural gas and electricity transmission and distribution) and Global Enterprises, with companies active in industrial manufacturing, technology, logistics and energy services. More information about ATCO Ltd can be found on its website, www.atco.com
2.	Balfour Beatty Management is a professional and technical services company which integrates the experience and skills of contractors and consultants to deliver infrastructure and building schemes from concept and assembly through construction to operating and maintenance. It employs some 550 professionals and is working on a range of projects including alliances with National Grid for electricity and gas system upgrades; the development of the new underground station at Kings Cross; the facilities for the 2012 London Olympics; and the widening and maintenance of the M25 motorway.
3.	Balfour Beatty Utility Solutions is the UK's largest multi-utility solutions provider, with a strong position in international markets. It works across the water, wastewater, gas and electricity industries, providing a range of services that contribute to the maintenance and provision of utility assets. Its largest customers include National Grid, United Utilities, several regional UK water companies and utility network owners in Asia, the Middle East and North America.
4.	Balfour Beatty is a world-class engineering, construction, services and investment business, well-positioned in infrastructure markets which offer significant long-term growth. We work in partnership with sophisticated customers who value the highest levels of quality, safety and technical expertise. Our skills are applied in appropriate combinations to meet individual customer needs.

 

END

 

 

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