Transfield renews NZ electricity contract

Reported by AAP
Monday, February 13, 2012
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Transfield Services

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Transfield Services' contract for maintenance and services on New Zealand's electricity grid has been renewed.

The $NZ318 million ($A247.77 million) six-year contract with Transpower begins, starting on July 1, has the potential for an additional $NZ180 million ($A140.25 million) of work.

The contract also includes a separate three-year extension option.

"This contract extends our 15-year relationship with Transpower and reinforces our position as a leading provider of power and transmission services in New Zealand," chief executive Peter Goode said in a statement on Monday.

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