UXC Limited (UXC) is pleased to announce that Utility Asset Management (UAM), a wholly-owned Business Unit of UXC Limited, has recently been awarded major contract renewals. The combined values of the three contracts is estimated to be up to $40 million and are centred on asset creation and maintenance services, a core business for UAM. The renewal of these contracts brings the forward value of UAM’s contracts in hand to over $120 million.
Two of the contracts are in the electrical asset maintenance space, one of which is for the installation and maintenance of overhead service lines across all areas of the Energex distribution network. Energex is a Queensland Government-owned electricity distribution business, which is based in and around the Brisbane CBD and surrounding area. The rollover contract has commenced and expires in September 2012.
The second electrical contract rollover is for pole reinforcement across the Western Power distribution and transmission networks. Western Power is a Western Australia Government owned electricity business. This contract has commenced and expires in June 2012.
The third contract is in the telecommunications space, and is for Telstra’s Aerial Network Maintenance throughout Australia. The scope of work is mainly associated with pole inspection, reinforcement and relocation, along with other minor maintenance, on the overhead assets. This contract has commenced and expires in July 2012.
“The renewal of these major contracts by both newer and long time clients is further testament to UAM’s commitment to efficient and effective service delivery and the results achieved by fostering our “Partner of Choice” approach with our client”, said Mr Cris Nicolli, UXC Managing Director.
Utility Asset Management continues to provide a diverse range of high quality products and services and has existing contracts with most major electricity distribution companies in Australia and continues to develop its business in the telecommunications industry.
“As the market leading provider of field solutions across the Australian utility sector, we have gained a formidable reputation for our quality approach to contract delivery and our consequent performance.” added Mr Nicolli. “Success with these contracts further strengthens UAM’s national footprint and further consolidates its position as the nation’s leading supplier of contracted overhead electrical and telecommunications maintenance and auxiliary services into these industries.”
Building on from its success and utilising a quality based standards approach, UAM is also expanding certain areas of its operations into the UK and USA.
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