On Thursday, UGL, a member of the CIMIC Group, announced it has been awarded a five-year contract with Power Network Services (PNS), an alliance between CitiPower and Powercor Australia. In terms of this agreement, the company will maintain and construct overhead powerlines within the Victoria Electricity Supply Industry (VESI).
UGL lands significant contract with Power Network Services in Victoria
A growing demand for power infrastructure upgrades underpins this contract. As it stands, the deal can potentially generate $80m in UGL revenue. The agreement also includes options for extension.
The CIMIC group is a diverse engineering-based enterprise focusing on construction, mining, relevant services, and public-private partnerships. UGL is the service specialist branch of this business.
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Around since 1899, the company employs approximately 25,500 people in 20 countries globally. Juan Santamaria, the executive chairman of the CIMIC group, stated:
CitiPower and Powercor supply electricity to the majority of Victoria, meeting the power needs of residents, businesses, and infrastructure. We are pleased that UGL’s experience in power generation, transmission and distribution solutions can be used to help serve Victoria’s growing energy requirements.
The managing director at UGL, Doug Moss, reiterated this sentiment and added:
At UGL, we’re a market leading service provider across the electricity generation, transmission, and storage sectors. This agreement with PNS allows us to deliver our expertise across the Victorian network, providing a safe and reliable service for the community and providing employment opportunities throughout the state.
At the end of August, UGL reported that it secured four new maintenance, shutdown, and project services agreements in the energy and resources industries. These amount to roughly $165m in revenue.
