CHESHIRE EAST COUNCIL · Awarded contract
Awarded

Award of Joint Venture Partnership for Heat Network Development in Cheshire East

Awarded 03 Apr 2016

View live tenders
Awarded03 Apr 2016
Value£100,000,000.00
SupplierEngie
AgencyCHESHIRE EAST COUNCIL
RegionNorth West
CategoryEnergy & Environment
Expires in 19y 5mo30y term, 35% elapsed
Awarded 3 Apr 2016Expires 3 Apr 2046

About

Cheshire East Council awarded a contract to Engie for the procurement of a Joint Venture Partner to enter into a corporate joint venture arrangement (JVA) with an intended duration of 30 years.

The JVA aims to deliver heat networks in Cheshire East, with the partner providing consultancy and professional services to maximize the use of renewable resources, particularly geothermal energy, in line with the Council's vision to address fuel poverty and increase energy independence.

The partner will also provide consultancy to ensure the joint venture realizes its full commercial benefit, and works and services related to an initial project based on exploitation of geothermal resources in the area.

Works and services under the JVA are anticipated to range from GBP 1,000,000 to GBP 100,000,000, with no volume or quantity guaranteed.

The contract value is AUD 100,000,000.

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