Amec Foster Wheeler alliance to upgrade power network

(ShareCast News) - Amec Foster Wheeler has founded an alliance with Clancy Docwra, McNicholas and Morrison Utilities Services to implement a £1bn infrastructure programme in the UK over the next 12 years.Working with UK Power Networks, the four companies will refurbish and upgrade electricity substations, cables and power lines across London, the East and South East to achieve greater efficiency and innovative ways of working.Representatives from all the companies will be based in one London office to enable them to operate as one entity and progress an agreed work plan.Marc Boulter, managing director of Amec Foster's transmission and distribution business, said: "As part of the alliance, we will use our global expertise and experience to help deliver safe, innovative resilient solutions to support the energy transition for London, the East, South-East and for our customer."At 0814 GMT, Amec shares were up 0.3% at 435.40p.