National Grid awards £750m contract
National Grid, based in Solihull, has handed a contract extension to infrastructure company Balfour Beatty worth up to £750m.
Power supplier National Grid said the deal would involve the maintenance and upgrade the UK's electricity transmission network.
Through the five-year contract, Balfour Beatty will design and offer support on programme management, construction and technical issues.
National Grid and Balfour Beatty formed the Electricity Alliance East (EAE) partnership five years ago to secure the long-term stability of much of the UK network.
Balfour Beatty chief executive Ian Tyler said: "National 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's infrastructure."
