RNS Number : 0369E
Balfour Beatty PLC
13 September 2024
 


News Release

 

 

BALFOUR BEATTY AWARDED £363 MILLION BRAMFORD TO TWINSTEAD ELECTRICITY NETWORK REINFORCEMENT SCHEME  

Balfour Beatty, the international infrastructure group, today announces that it has been awarded a £363 million contract by National Grid to deliver the Bramford to Twinstead Reinforcement project.

 

The contract has been awarded through National Grid's RIIO-2 framework. On completion, the project will reinforce the electricity network in East Anglia and ensure that it can continue to reliably and securely transport the cleaner, greener electricity required for the UK's transition to Net Zero.

 

Balfour Beatty will be responsible for the replacement of the existing high voltage electricity network between Bramford Substation in Suffolk and Twinstead Tee in Essex, with a new 400 kilovolt overhead line spanning 18 kilometers. In addition, the company will also deliver 11 kilometres of underground cable through the Dedham Vale Area of Outstanding Natural Beauty and Stour Valley.

 

The company will work closely with ecologists and conservationists throughout to mitigate any disruption to local wildlife and has committed to delivering a 10% biodiversity net gain over the project lifecycle.

 

Leo Quinn, Balfour Beatty Group Chief Executive, said: 

 

"This award demonstrates the momentum we are capturing in the energy security and transition market. As the largest power transmission provider in the UK, we have a long and proud history of working with National Grid. This latest award will once again enable our expert teams to deploy their proven capability to successfully deliver overhead lines and underground cabling works in complex and challenging landscapes."

 

Main construction is expected to commence in the first half of 2025 with completion expected in 2028. At peak construction, Balfour Beatty will employ over 200 people including 10 apprenticeship  and graduate positions as part of the company's commitment to The 5% Club.

 

ENDS

 

Analyst/investor enquiries:

Jim Ryan
Tel. +44 (0)785 836 8527
jim.ryan@balfourbeatty.com

 

Media enquiries:            

Antonia Walton
+44 (0)203 810 2345
antonia.walton@balfourbeatty.com

 

Notes to editors:

·    Balfour Beatty is a leading international infrastructure group with over 26,000 employees driving the delivery of powerful new solutions, shaping thinking, creating skylines and inspiring a new generation of talent to be the change-makers of tomorrow.

·    We finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.

·    Over the last 114 years we have created iconic buildings and infrastructure all over the world. Currently, we are working to deliver Hinkley Point C, the first UK nuclear power station in a generation; constructing the world-class arts and cultural facility, the Lyric Theatre, in Hong Kong; and designing, building, financing, operating and maintaining the Automated People Mover superstructure at the fifth busiest airport in the world, Los Angeles International Airport.

 

About The 5% Club:

·    The 5% Club is a dynamic movement of employers committed to earn & learn as part of building and developing the workforce they need as part of a socially mobile, prosperous and cohesive nation. The Club exists to help its members and all employers increase further the number, quality and range of earn & learn opportunities across the UK.

·    By joining The 5% Club, members aspire to reach 5% of their workforce in 'earn and learn' positions, including apprenticeships, sponsored student schemes and graduate training, within five years of joining.

·    The 5% Club is a charity and is free for businesses of all sizes and sectors to join.

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