Houston-based Quanta Services Inc. has signed a letter of intent (LOI) with National Grid to provide engineering and installation services throughout New England. Under the five-year contract contemplated by the LOI, the substation and transmission infrastructure services will be performed by a joint venture named New Energy Alliance to be formed between Quanta Services' M.J. Electric LLC operating unit and Balfour Beatty Infrastructure Inc.
The contract, expected to be signed by April 1, is part of an up to $1.7 billion investment over five years by National Grid in its power transmission system in New York and New England and represents a portion of its overall capital plan for the region.
‘New Energy Alliance will work together with National Grid to share best practices, continually improve performance and make safety and environmental issues central to everything we do,’ says Masheed Saidi, National Grid's executive vice president and chief operating officer for U.S. transmission.
Under a transition services agreement, it is expected that New Energy Alliance will provide initial consulting and design services while finalizing the terms of the five-year contract for design and installation services.
Under the contract, New Energy Alliance will provide engineering and installation services for National's Grid's transmission system in Massachusetts, Rhode Island, New Hampshire and Vermont. The contract is expected to include work on high-voltage overhead lines, underground electric cables and substation development and construction. M.J. Electric will provide the transmission construction services, including installation of new transmission lines and reconductoring and repair of existing transmission infrastructure.
SOURCE: Quanta Services Inc.