Cape plc Cape extends contracts with EDF Energy in the UK (5453S)

TIDMCIU

RNS Number : 5453S

Cape plc

22 December 2016

News Release

22 December 2016

Cape extends contracts with EDF Energy in the UK

Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce an expansion of its current portfolio with EDF Energy in the UK.

Under this suite of contracts, Cape will provide access, insulation and asbestos services in support of EDF Energy's Coal and Gas assets, including:

-- The Cottam and West Burton A coal power stations in Nottinghamshire, which together provide 4GW of capacity and are capable of generating enough power for 7.5 million homes.

-- The West Burton B CCGT power station, which has three combined cycle units capable of generating enough electricity for approximately 1.5 million UK homes

-- The gas storage facilities in Hole House, Cheshire, which provide the ability to store large volumes of gas combined with the fast cycle import and export capability, helping safeguard gas transmission system stability and security of supply.

These substantial contracts, which extend Cape's long standing relationship with EDF Energy, encompass the supply of specialist access, thermal insulation and asbestos services for five years to 2022 in support of EDF Energy's mission to provide safe, reliable generation to sustainably meet the needs of the UK electricity market.

Commenting on the signing of the contracts, Simon Hicks, Managing Director UK, said:

"We are delighted with this award; it is further demonstration of our ability to deliver excellence in the safe and efficient service provision across these assets with close collaboration with our key customer, EDF Energy".

About Cape:

Cape (www.capeplc.com), which is premium listed on the main market of the London Stock Exchange, is an international leader in the provision of critical industrial services principally to the energy and natural resources sectors. Our multi-disciplinary service offering includes access systems, insulation, specialist coatings, passive fire protection, refractory linings, mechanical services, environmental services, oil and gas storage tanks and heat exchanger replacement and refurbishment. Cape employs c.16,400 people working across 19 countries and in 2015 reported adjusted revenue of GBP711.4 million.

- End -

Enquiries

Cape plc

Joe Oatley, Chief Executive [phone]

   Michael Speakman, Chief Financial Officer                                   [phone] 

Ian Wood, Head of Investor Relations [phone]

Buchanan

   Bobby Morse, Ben Romney, Chris Judd                                         [phone] 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTDGBDDIBDBGLB

(END) Dow Jones Newswires

December 22, 2016 02:00 ET (07:00 GMT)