Avingtrans cashes in on Hinkley Point delays

2nd Aug 2016 13:36

(ShareCast News) - Critical components manufacturer Avingtrans announced on Tuesday that Maloney Metalcraft, part of Avingtrans' Energy and Medical division, has secured a £3.5m contract with EDF Energy to supply components for their current fleet of seven nuclear power stations across the UK.The AIM-traded firm said Maloney Metalcraft will supply gas-cooling process-critical valves for each of the seven EDF managed Advanced Gas-Cooled Reactors around the country, namely Dungeness B, Hinkley Point B, Hunterson B, Hartlepool, Heysham 1, Heysham 2 and Torness.It said the contract is part of a life extension programme that will also see Maloney Metalcraft providing engineering support and on-site services to EDF Energy as part of the deal.Avingtrans' board said these contracts will continue until the end of life of the stations."The contract win is good news for the business and recognises the expertise we've developed in what is truly a performance-critical sector," said Avingtrans Energy and Medical managing director Austen Adams."The Maloney Metalcraft team designed and supplied the original carbon dioxide gas drying systems for the stations back in the 1970s but, with further delays to the Hinkley Point C programme, extending the life of these older nuclear power stations has become critical to keeping the lights on across the UK."Avingtrans CEO Steve McQuillan said the board is "delighted" that Maloney Metalcraft has secured "another important contract" in the nuclear sector."It underlines the board's decision to invest in the Energy and Medical business and, specifically, to strengthen Maloney Metalcraft's position in this market," McQuillan quipped.