Ventia (ASX:VNT) has been awarded a five-year transmission and distribution maintenance services panel contract with state-owned Western Power.
The agreement is expected to deliver revenue of about $150 million over the period of the contract.
Ventia’s scope of work will include the delivery of maintenance services across Western Power’s transmission and distribution network.
Western Power is a Western Australian State Government-owned corporation responsible for building, maintaining, and operating an electricity network that connects 2.3 million customers to traditional and renewable energy sources.
Ventia Group Executive – Infrastructure Services Tim Harwood says the company is committed to growing through long term relationships with key transmission and distribution service providers.”
“The core of our electricity business is operations and maintenance across energy networks in Australia and New Zealand and this contract will enable us to continue to grow our market share with a key distribution and transmission service provider,” Harwood says.
Works are expected to commence in September 2024.
Ventia is an infrastructure services provider in Australia and New Zealand with access to a combined workforce of more than 35,000 people, operating in more than 400 sites across Australia and New Zealand.
Ventia operates across a broad range of industry segments, including defence, social infrastructure, water, electricity and gas, resources, telecommunications, and transport.
It is an Australian Securities Exchange (ASX) top 200 company, with a secondary listing on New Zealand’s Exchange (NZX).
Write to Adam Orlando at Mining.com.au
Images: Western Power
