Preferred bidder

RNS Number : 7713X

Scottish & Southern Energy PLC

20 August 2009

 



SOUTH COAST STREET LIGHTING PFI CONTRACT

Scottish and Southern Energy plc ('SSE'), through its wholly-owned subsidiary Tay Valley Lighting ('TVL'), has been appointed preferred bidder for the £225m, 25-year South Coast Streetlighting PFI (Private Finance Initiative).

The South Coast Street Lighting PFI is the largest street lighting PFI project in the UK and includes lighting services for Hampshire County Council, Southampton City Council and West Sussex County Council. 

Under the contract, another of SSE's subsidiaries, Southern Electric Contracting ('SEC') will replace and maintain 250,000 streetlights, illuminated signs and bollards. 

The contract is expected to be concluded later this year.  It will take the number of local authorities with which SSE has long-term street lighting replacement and maintenance PFI contracts to 10 and the number of lighting units covered by such contracts to over 500,000.

Colin Hood, Chief Operating Officer of SSE, said:

'This appointment further reinforces SSE's position as the UK's leading street lighting contractor. The PFI approach has proved to be a successful way of replacing older street lighting infrastructure and is delivering better lit streets that help communities lead safer and secure lives.'

 

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