Interserve plc. (IRV.L) said Tuesday that it has been awarded a three-year, integrated facilities management contract with Magnox Ltd, the company responsible for operating ten of the UK's nuclear power stations. The contract is valued in excess of 80 million pounds and includes an option to extend for a further three years.
Interserve noted that it will self-deliver a full range of services including mechanical and engineering maintenance, catering, cleaning, office services, grounds maintenance and civil works.
The contract starts the first phase in April 2013. The contract includes ten sites throughout the UK, and covers 450 acres and supports over 4,000 Magnox employees and contractors.
The Magnox sites are at various stages of their lifecycles, from Wylfa on Anglesey which is still generating electricity to Bradwell in Essex and Trawsfynydd in Gwynedd which are at an advanced stage in the decommissioning process. Magnox operates these sites on behalf of their owner, the UK's Nuclear Decommissioning Authority.
Interserve said it is also the sole contractor in a four-year framework agreement with Magnox to design and construct facilities to store intermediate-level waste.
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