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15 Oct 2014 07:00
For immediate release | 15 October 2014 |
Energy Assets Group plc
("Energy Assets" or the "Group")
Largest Siteworks project to date
Energy Assets Group plc (LSE: EAS.L), the largest independent provider of industrial and commercial (I&C) gas metering services in the UKi, is delighted to announce that it has been selected by The Pirbright Institute to design and project manage the installation of gas infrastructure and metering to support the ongoing refurbishment of the organisation's Surrey campus. The project, with a contract value in excess of £1m, is due to commence in late 2014 and encompasses the engineering design, project management and delivery of over 3km of medium pressure polyethylene pipeline together with a new pressure reduction and metering installation.
The project, which will be the first to be fully managed by the Energy Assets' Siteworks division following the Group's successful accreditation to full "Project Management" status under GIRS (Gas Industry Registration Scheme), underpins the Group's aspirations to become the leading siteworks service provider in the utility sector and is in line with the growth targets set by the Group.
Russell Gibson, Chief Operating Officer of Energy Assets, commented:
"We are delighted that The Pirbright Institute has selected Energy Assets as its partner for this complex project. The award of this contract is testimony to the expertise within our business and is a strong endorsement of our ability to handle complicated siteworks projects which demonstrates our uniquely differentiated offering."
Enquiries
For further information visit www.energyassets.co.uk or contact:
Energy Assets Group plc | |
Phil Bellamy-Lee / John McMorrow | Tel: +44 (0)1506 405 405 |
Buchanan | |
Richard Darby / Clare Akhurst / Louise Mason | Tel: +44 (0)20 7466 5000 |
Numis Securities Limited | |
Charlie Farquhar / Stuart Skinner | Tel: +44 (0)20 7260 1000 |
Macquarie Capital (Europe) Limited | |
Steve Baldwin / Ken Fleming | Tel: +44 (0)20 3037 2000 |
Notes to Editors:
Energy Assets provides metering and related services in the I&C segment of the UK utility market and is the largest independent provider of I&C gas metering services in the UK, by number of assets owned and managed. The Group offers utility suppliers and end-user consumers of energy a broad spectrum of metering services from the provision and management of new and replacement meters through its MAM/MOP divisions to the procurement and project management of related utility infrastructure works and the collection and provision of energy consumption data through the Group's Siteworks and AMR divisions.
Energy Assets is listed on the Main Market of the London Stock Exchange.
iBy number of meters owned and managed
About The Pirbright Institute
The Pirbright Institute is a world leading centre of excellence in research and surveillance of virus diseases of farm animals and viruses that spread from animals to humans. Based in the UK and receiving strategic funding from the Biotechnology and Biological Sciences Research Council (BBSRC), the Institute works to enhance capability to contain, control and eliminate these economically and medically important diseases through highly innovative fundamental and applied bioscience. With an annual income of nearly £30 million from grants and commercial activity, and a total of £44.3 million strategic investment from BBSRC during 2013-2014, the Institute contributes to global food security and health, improving quality of life for animals and people.
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