Utility Asset Management (“UAM”), a wholly-owned Business Unit of UXC Limited (UXC) has recently been awarded five major electrical asset maintenance contracts with a potential combined value of up to $150million.
Three contracts for the inspection and treatment of power poles in the metropolitan regions of New South Wales have been renewed by EnergyAustralia, a NSW Government owned gas and electricity transmission and distribution business. Commencing in July 2010, each four-year contract includes two further four-year options.
Two contracts for the inspection, treatment and data capture of electrical assets in the northern and southern regions of Queensland have been renewed by Ergon Energy Corporation Limited, a QLD Government-owned electricity distribution business. Commencing in July 2010, each three-year contract includes two further one-year options. The initial contracted value of the combined works is $76m with additional available works valued at $74m if all options are exercised.
Utility Asset Management provides a diverse range of products and services and has existing contracts with most major electricity distribution companies in Australia. UAM is currently expanding certain areas of its operations to the UK, Ireland, Northern Ireland and the USA. Success with these contracts further strengthens UAM’s national footprint and consolidates its position as the nation’s leading supplier of asset inspection services in the electricity industry.
“As the market leading provider of field solutions across the Australian utility sector, we have gained a formidable reputation for our approach to contract delivery and our consequent performance,” said Geoff Lord, UXC Executive Chairman. “The renewal of five major contracts by two of our larger clients is testament to UAM’s commitment to efficient and effective service delivery and demonstrates the results that can be achieved by fostering a true partnership approach with every client,” added Mr Lord.
Tags: Asset maintenance, ASX News, Electricity Supply, New contracts, UXC, UXC Limited
