Thursday, 22 October 2021 09:02

ScottishPower awards £200m network upgrade contracts

ScottishPower awards £200m network upgrade contracts Photo: Ian Britton

ScottishPower has announced 13 new maintenance contracts for its electricity networks, worth almost £200million over four years.

The contracts will cover refurbishment and rebuilding works in central and southern Scotland, Merseyside and north Wales, and will support 400 existing jobs and 150 new trainees.

ScottishPower plans to refurbish or replace around 6,800 miles of overhead power lines, as well as fixing faults and carrying out storm response activities.

The announcement follows news that the business’ owner, Iberdrola, saw earnings before interest, taxes, depreciation and amortization rise 5.8% to €5.34billion (£3.91billion) for the first nine months of the year, with a 16.2% growth in international business.

Its UK renewable energy EBITDA rose to €301million (£221million), up from €150million (£110million) during the same period a year ago, with output rising by 30%.

However there was a 20% year-on-year decrease for coal-fire power, which it attributed to increased costs from the Carbon Tax and “high adjustment services activity” in Longannet, which is set to close next year.

Keith Anderson, ScottishPower chief corporate officer, said: “Our record annual investment of £1.3billion remains on track and the new contracts awarded will support our ambitious programme to deliver some of the most significant upgrades to our network in more than half a century.

“Between now and 2023 we are investing more than £4billion in total, further improving reliability for our customers and making our network more resilient to extreme winter weather. We also need to encourage a new generation of technicians and engineers in to our industry, so it is great to see 150 new trainees coming in to our industry as part of these contracts.”

  • Facebook Page: 165971433539526
  • Twitter: SBNNAberdeen
  • YouTube: aberdeenbusiness

Scottish Business News Network (SBNN)
111 Gallowgate
AB25 1BU

T - 01224 619751

E - This email address is being protected from spambots. You need JavaScript enabled to view it.