Monday 13th February 2012 |
Text too small? |
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
No comments yet
Fonterra appoints permanent COO
Manawa Energy FY24 Annual Results & Webcast Details
Seeka Provides the Results of Meeting - ASM
April 19th Morning Report
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER