SEEBOARD has scooped a 30-year £1 billion contract to power London Underground.
The Sussex-based electricity supply company will operate, maintain, finance and renew the London Underground's high-voltage power distribution network. Seeboard's partners in the project are ABB, an international electrical engineering group, and BICC, an international cable and construction group. The three companies have formed a consortium named Seeboard Powerlink based at Seeboard's Crawley headquarters. Under the contract, which comes within the terms of the Government's Private Finance Initiative, Seeboard Powerlink will distribute high-voltage electricity supplies to all 270 Underground stations and around 250 miles of track. More than 300 London Underground power engineering staff will transfer to Seeboard Powerlink. As part of the PFI deal the Sussex company will also invest private capital in the underground network.
Converted for the new archive on 30 June 2000. Some images and formatting may have been lost in the conversion.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article