Morgan Sindall Group PLC Preferred bidder for potential £500m partnership
November 02 2011 - 3:01AM
RNS Non-Regulatory
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Morgan Sindall Group PLC
02 November 2011
2nd November 2011
MORGAN SINDALL AND VINCI ENERGIES JOINT VENTURE
CONFIRMED AS PREFERRED BIDDER FOR POTENTIAL GBP500 MILLION
ELECTRICITY TRANSMISSION OVERHEAD LINE PARTNERSHIP
Morgan Sindall Group plc, the construction and regeneration
group, today announces that Morgan Sindall, its construction and
infrastructure division, as part of joint venture MSVE
Transmission, has been appointed preferred bidder for a potential
GBP500 million Electricity Transmission Overhead Line partnership
to deliver National Grid's overhead line construction programme for
the next five years.
Morgan Sindall will work in joint venture with Vinci Energies, a
company which provides a range of high value-added services in
energy and information technologies.
The majority of the first year's work will be spent on the
design and development of the programme of work scheduled in years
two to five. The first year will also include a project to replace
the Quad Aluminium Conductor Steel Reinforced (ACSR) fittings on a
400kV overhead line. The partnership's scope for the remainder of
the contract will include a variety of projects to refurbish and
construct 400kV overhead lines and towers across England and
Wales.
Paul Smith, Chief Executive of Morgan Sindall Group plc,
said:
"We are seeing a number of opportunities in the energy sector
and the combination of our specialist skills and experience of
working with energy providers leaves us well placed to benefit from
this trend."
"This is an excellent appointment for our construction and
infrastructure business which firmly emphasises our market-leading
position."
Ends
Notes to Editors:
Morgan Sindall Group plc
Morgan Sindall Group plc is a leading UK construction and
regeneration group with revenue of over GBP2 billion and which
operates through five divisions of construction and infrastructure,
affordable housing, fit out, urban regeneration and
investments.
Morgan Sindall
Morgan Sindall is a UK construction, infrastructure and design
business with a network of local offices. The company works for
private and public sector customers on projects from GBP50,000 to
over GBP500 million. Activities range from small works and repair
and maintenance, to the design and delivery of complex construction
and engineering projects where it is able to provide specialist
design, tunnelling, utilities, building, civil engineering and
mechanical and electrical services. The company operates across the
commercial, defence, education, energy, healthcare, industrial,
leisure, retail, transport, waste and water sectors. Morgan Sindall
is part of Morgan Sindall Group plc, a leading UK construction and
regeneration group with revenue of over GBP2 billion and which
operates through five divisions of construction and infrastructure,
affordable housing, fit out, urban regeneration and
investments.
ENQUIRIES:
Morgan Sindall Group plc Tel: 020 7307 9200
Paul Smith, Chief Executive
David Mulligan, Finance Director
Blythe Weigh Communications Tel: 020 7138 3204
Tim Blythe Mobile: 07816 924 626
Ana Ribeiro Mobile: 07980 321 505
Matthew Neal Mobile: 07917 800 011
This information is provided by RNS
The company news service from the London Stock Exchange
END
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