Balfour Beatty secures £750m contract extension with National Grid

BALFOUR Beatty has secured a five-year extension to its existing contract with National Grid to maintain and upgrade the UK’s electricity transmission network. The contract could be worth up to £750m.
 
The contract, involves the design, programme management, construction and technical support for National Grid’s electricity network. The infrastructure company said the agreement would draw on a wide range of Balfour Beatty resources.

The firm said the deal also demonstrated the group’s infrastructure capabilities, particularly in areas where clients faced large and complex challenges.
 
Balfour Beatty and National Grid formed the Electricity Alliance East (EAE) 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.
 
Balfour Beatty chief executive, Ian Tyler, said: “National Grid is one of our longest held relationships and we are delighted at their decision to extend the long-term partnership. This further reinforces a strong, strategic alliance bringing continuing value as well as ongoing certainty to a core element of the UK’s infrastructure.”