Last checked at 31 Jul 2015 07:01
31 July 2015
BALFOUR BEATTY JOINT VENTURE APPOINTED AS PREFERRED BIDDER
FOR £460M HINKLEY POINT C POWER STATION ELECTRICAL PACKAGE
Balfour Beatty, the international infrastructure group, today announces that its joint venture with NG Bailey, the UK's largest independent services and engineering company, has been appointed as preferred bidder for the £460m Hinkley Point C power station electrical package, for EDF Energy.
The 50:50 Balfour Beatty and NG Bailey joint venture - Balfour Beatty Bailey - will work across both proposed Hinkley Point C units to deliver the critical infrastructure that will power the station and its operations, creating 1,000 jobs including many specialist engineers.
Works will include design and installation of circa 76,000 cables totalling over 3,000km in length; over 180km of cable containment support systems; fire and environmental sealing; design and installation of earthing systems, and specialist packages associated with data acquisition and plant control.
Balfour Beatty Bailey will deliver a lasting local legacy with a significant proportion of the new workforce recruited locally, 60 local apprenticeships and training commitments and partnerships with local colleges.
Leo Quinn, Balfour Beatty Group Chief Executive said:
"This project enables Balfour Beatty to deploy its extensive experience and knowledge of the nuclear sector as the UK takes its next significant step forward in low-carbon energy.
"The new nuclear programme demands a scale of resources and expertise that only the most capable and trusted partners can deliver. Equally significant, the project requires us to draw on the local community and its people in building what will be a highly specialist workforce.
"I am particularly pleased to see Balfour Beatty combining its tradition of delivering essential infrastructure with the creation of new skills and employment in this country."
Balfour Beatty Bailey's six year project is expected to commence in 2016 with design work and the construction phase in 2017. The joint venture's full contract award is scheduled for 2016, subject to the Hinkley Point C final investment decision.
Hinkley Point C, which will be located on the North Somerset coast, will be the first nuclear power station to be built in the UK for 20 years. The two new nuclear reactors that form the proposed Hinkley Point C will provide reliable, low carbon electricity to meet 7% of UK demand.
ENDS
Analyst/investor enquiries:
Peter Youngt: +44 (0)207 216 6824
e: Peter.H.Young@balfourbeatty.com
Media enquiries:
Louise McCullocht: +44 (0)207 216 6846
e: Louise.McCulloch@balfourbeatty.com