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Doosan Babcock signs six-year service contract with UK’s RWE Npower

2 June 2009 – Doosan Babcock has signed a six-year services contract agreement with UK electricity supplier RWE Npower.

The phased contract is for the comprehensive boiler and associated plant outage and maintenance services at the Aberthaw, Didcot, Fawley, Littlebrook and Tilbury power stations. The contract has no fixed value, but the nature of the work includes major boiler outages over a period of six years, and both companies agree it is a significant contract award.
 
The new contract is a development of an existing six-year contract between Doosan Babcock and RWE Npower and was based on a partnering approach and the alignment of goals and objectives to mutual benefit. There will also be the potential to introduce further RWE Npower UK assets into the portfolio including major projects and engineering support.
 
Iain Miller, Chief Executive, Doosan Babcock, said: “We are delighted to announce this important contract win as it provides the opportunity for further enhancement of our strong relationship with RWE npower which has been developed over the past decade.

“The project will have a significant impact on Doosan Babcock’s market presence and will also give a high degree of security and certainty in a volatile marketplace together with an even greater alignment of our business with that of our client, RWE npower.”
 
Kevin Nix, Director of Power Station Operations for RWE npower, said: “I’m very pleased that we are to continue our long and fruitful alliance relationship with Doosan Babcock, I’m sure that our relationship will continue to add value to the npower generation business in the coming years.”

A key feature of this contract is that all profit reward will be earned through a combination of Doosan Babcock’s local performance achievement at each location and overall contract performance linked to RWE npower’s own business performance.  There will also be the scope to further enhance reward through the identification and successful implementation of ‘Value Creation’ projects that deliver real benefit to RWE npower’s performance