Amec Foster Wheeler awarded new Scottish underground cable contract
• Renewable power to be integrated into the network
• Combines electricity transmission design and construction capability with underground pipeline knowledge
Amec Foster Wheeler announces today that it has been awarded an Engineering, Procurement and Construction (EPC) contract by Scottish Hydro Electric Transmission, part of the SSE group, for a new 275 kV (kilovolt) cable between Keith and Blackhillock substations in Moray, in the north of Scotland.
Amec Foster Wheeler will design, build and install the new cable, which will enable the integration of renewably generated energy into the electricity network.
The 18 month contract, the value of which is not disclosed, combines Amec Foster Wheeler’s electricity transmission design and construction capability with its proven underground pipeline knowledge and experience.
This is an important contract, supporting the integration of renewable energy into the grid that we are delighted to deliver for a valued customer, demonstrating a combination of our expertise.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
With pro-forma 2014 annualised scope revenues of £5.5 billion and over 40,000 people in more than 55 countries, the company operates across the whole of the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements.
Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.