LONDON (dpa-AFX) - Balfour Beatty Plc (BBY.L) announced a five-year extension to its existing contract with National Grid to maintain and upgrade the UK's electricity transmission network in a deal worth up to 750 million pounds. The contract, involving design, programme management, construction and technical support for National Grid's electricity network, draws on a wide range of Balfour Beatty resources.
Further, the contract demonstrates the Group's infrastructure capabilities, particularly in areas where clients face large and complex challenges. Balfour Beatty and National Grid formed the Electricity Alliance East partnership five years ago to secure the long-term stability of much of the UK network. Work involves the ongoing maintenance and refurbishment of overhead transmission lines, as well as designing and delivering National Grid's upgrade plans across the network.
Copyright RTT News/dpa-AFX
© 2012 AFX News
