Leighton Contractors (LEI) today signed an agreement with EnergyAustralia to create the Energy2U Alliance to support the delivery of the proposed $8 billion electricity network upgrade and renewal program for the Sydney, Hunter Valley and Central Coast regions between 2009 and 2014. The newly formed Energy2U Alliance brings together Leighton Contractors, AECOM, PowerServe and EnergyAustralia as the owner participant.
The Energy2U Alliance will provide EnergyAustralia with additional capacity to manage expected overflow works from EnergyAustralia’s proposed capital works program. The Energy2U Alliance is one of two private-sector service alliances awarded by EnergyAustralia for this purpose. EnergyAustralia expects to provide the Energy2U Alliance with approximately $100 million of over-flow project work per annum. The exact value of the Leighton Contractors component of the Energy2U Alliance is subject to EnergyAustralia’s over-flow works requirements. Projects will be assigned as they become necessary and the specific terms of individual projects will be negotiated on a case by case basis. Discussions on the first project for the Energy2U Alliance are underway.
Peter McMorrow, Managing Director, said securing the alliance with Energy Australia was a significant step for Leighton Contractors’ presence in the energy infrastructure market in NSW. “As part of the Energy2U Alliance, Leighton Contractors brings extensive skills and experience in delivering multi-disciplined projects and services from asset development and design, to electrical infrastructure installation, and heavy civil and building works,” Mr McMorrow said.
EnergyAustralia Managing Director, George Maltabarow, said the Energy2U Alliance would assist in the delivery of the largest energy infrastructure program in the country. “We will be renewing, replacing and upgrading our electricity network so that it continues to deliver reliable supply of power to homes and businesses,” Mr Maltabarow said. “Our upgrade will also mean that the electricity network can meet increasing demand for power.”
Tags: Construction, Contracting, Energy Australia, JV Agreement, LEI, Leighton
