Transfield signs grid contract worth up to half a billion dollars

Australian infrastructure specialist Transfield Services has extended its 15-year relationship with the New Zealand national grid operator Transpower for another six years, in a contract worth potentially half a billion dollars.

The $318 million contract holds out the prospect of another $180 million of work over the period, making its total potential value $498 million.

“The work includes major capital works projects and maintenance of the grid’s transmissions lines, substations, meters and transformers,” said Transfield chief executive Peter Goode in a statement.

Transpower is currently investing heavily in grid upgrades after an extended period of under-investment over the last 20 years.

(BusinessDesk)

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

EROAD Appoints New Director Progressing Board Renewal
OCA delivered record full year result
BLT - Strong revenue and underlying earnings growth
MFB - Food Bag reports full year profitability up 5.3%
TWR - Tower reports strong HY earnings
IPL - FY26 Annual Results
May 21st Morning Report
May 20th Morning Report
May 19th Morning Report
PYS - PaySauce to announce F26 full year results on 27 May 2026