Energy Assets, the Livingston-based gas meter supplier, has landed its largest ever utility networks deal, likely to be worth £6 million over the term of the project.
The contract with East Lothian Developments will see the stock market-listed group provide gas, water and electricity infrastructure for a new mixed-use scheme at St Clements Well, Wallyford. The development features 1,450 flats and homes along with offices, retail and supermarket units and a primary school.
Energy Assets, which is headed by chief executive Phil Bellamy-Lee, signed the deal through recently acquired subsidiary Blyth Utilities.
Russell Gibson, the firm’s chief operating officer, said: “The award of this contract underpins the growth aspirations we have for Blyth as part of the Energy Assets Group and is testimony to the expertise and uniquely differentiated offering within our expanded business.
“This is an exciting period for our new utility networks team and… we are confident of continued success.” A trading update in January revealed that the group’s total revenues had risen by 22 per cent to £31.5m in the nine months to 31 December, compared with the year before.
Bellamy-Lee said at the time the Blyth acquisition marked “another positive milestone” for the business.
Martin Quinn, director of East Lothian Developments, said today: “We are delighted to be working with Energy Assets, alongside I & H Brown who are delivering the on-site road and civil infrastructure for the development.”