CIMIC Group’s UGL has secured a five-year contract with Power Network Services (PNS), a CitiPower and Powercor Australia joint venture.
UGL will supply overhead powerline maintenance and construction services to the Victorian Electricity Supply Industry (VESI), fulfilling the growing need for power infrastructure enhancements.
The five-year contract has an extension option and has the potential to bring in up to $80 million in revenue for UGL.
“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,” CIMIC Group Executive Chairman Juan Santamaria said.
UGL Managing Director Doug Moss stated, “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.”
