Balfour Beatty and a South Korean construction company have signed a Memorandum of Understanding (MoU) that will see them work together on power distribution projects across the UK.
The MoU with Hoban Group aims to create what Balfour calls a “differentiated offering” through advanced designs, specialised products, and customer-centred services.
It will see Balfour Beatty work directly with Taihan Cable & Solution Co. Ltd, a specialist cabling subsidiary of Hoban Group, on potential large-scale onshore power transmission and distribution projects.
Chris Johnson, chief technology officer at Balfour Beatty attended the signing event alongside Kim Sun Kyu, chairman of Hoban Group.
Johnson said: “At Balfour Beatty, our unique end-to-end capabilities means we are perfectly positioned to capitalise on the emerging UK energy market opportunities and deliver the critical national infrastructure required for the UK to achieve Net Zero by 2050.
“This latest partnership with Hoban Group is built on true collaboration, and will further strengthen our ability to deliver high quality sustainable solutions for large-scale onshore power transmission and distribution projects.”
Balfour Beatty says the arrangement will combine its expert capability in providing secure energy with Taihan Cable and Solution’s 70 years’ experience in developing innovative cabling products.
The partnership will operate with a focus on delivering sustainable, low-carbon solutions, prioritizing modern methods of construction and building information modelling to drive efficiencies and productivity throughout future projects.
Kim Sun Kyu, Hoban Group’s chairman, said “The partnership will strengthen the strategic relationship two parties have been developing and we will deliver collaborative business models such as exchange of technical knowledge and resources. This collaboration will assist UK government’s Net Zero target.”
The partnership bolsters Balfour Beatty’s commitment to addressing the growing demand for clean, secure energy across the UK, and builds on the company’s MoU with Aker Solutions and Holtec Britain, which it signed last year.
Main image: Image: Balfour Beatty representatives sign a Memorandum of Understanding with Hoban Group
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