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£750m extension for Balfour Beatty’s electricity deal

5 Jan 12 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 in an agreement worth up to £750m.

The contract involves design, programme management, construction and technical support for National Grid鈥檚 electricity network, drawing on resources from across the Balfour Beatty group.

Balfour Beatty and National Grid formed the Electricity Alliance East (EAE) partnership five years ago to deliver long-term stability to much of the UK network. Work involves maintenance and refurbishment of overhead transmission lines, as well as designing and delivering upgrade plans across the network.

Balfour Beatty chief executive Ian Tyler said of the contract extension: 鈥淣ational Grid is one of our longest held relationships and we are delighted at their decision to extend the long-term partnership with Balfour Beatty. This further reinforces a strong, strategic alliance bringing continuing value as well as ongoing certainty to a core element of the UK鈥檚 infrastructure.鈥

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