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5th February 2013
Source: New Civil Engineer
Energy firm Centrica has scrapped its 20% investment in Hinkley Point C new nuclear power station today after pre-development costs reach almost £1bn.
Company Profile: Centrica
Source: Construction News
Balfour Beatty has confirmed it is 'exploring strategic options' for its office maintenance business WorkPlace amid reports that it is selling the division for £250 million. The UK’s biggest construction firm has appointed Citigroup to advise on the sale of the unit, the FT reported today, citing sources close to the deal.Balfour Beatty put a statement out to the Stock Exchange within an hour of the report. It said: “Balfour Beatty, the global infrastructure group, notes today’s press speculation regarding its UK facilities management business and confirms that it is currently exploring strategic options for this business in keeping with its strategy to focus on economic infrastructure.
Company Profile: Balfour Beatty
Source: Construction Index
Planning permission has been secured and the contract setting out the city’s future waste management plan has been signed. Viridor Peterborough Ltd, a subsidiary of Pennon Group, has signed a public private partnership (PPP) contract with Peterborough City Council to treat the council's residual waste over the next 30 years.The contract requires the development of an energy from waste (EfW) facility at the council's existing recycling site in the Fengate industrial area. The plant will be built by a joint venture between Babcock & Wilcox Volund and Interserve Construction as the engineering and procurement contractor to Viridor. The facility will have a capacity to process up to 85,000 tonnes of waste per annum and will have a net electrical power generation capacity of 7.25MW.
Company Profile : Interserve
Company Profile : Babcock
Galliford Try has lost an £18 million job to refurbish the Birmingham NEC after the parties failed to negotiate a “commercially suitable outcome” on the contract.The National Exhibition Centre Ltd is retendering the contract and posted a fresh OJEU notice today. The NEC says its budget for the job is £20m. Galliford Try had announced the deal as an £18m contract win back in September last year. It comes a few months after Galliford Try announced financial close on an £89m deal to build a new development including a casino and hotel at the NEC.
Company Profile: Galliford Try
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