The contract award follows news that planning permission has been secured for the Olympic Park Energy Centre.
Suez Energy Services, through its subsidiary Elyo, will build two energy centers, one in the western part of the Olympic Park and the other within the Stratford City development, together with approximately 16km of community energy networks.
The new infrastructure will provide and distribute efficient heating and cooling systems across the Olympic Park and Stratford City for the 2012 Olympic Games and the legacy communities that will develop after 2012.
The Olympic Delivery Authority (ODA) and Stratford City Development, a wholly owned subsidiary of Westfield, jointly tendered the contract for a 40-year concession agreement that will see Suez Energy Services invest more than GBP90 million in the Olympic Park and Stratford City development to finance the works. Suez will recover its investment through the long-term operation rights for the new infrastructure.
David Higgins, ODA’s CEO, said: The contract with Suez Energy Services is a significant achievement and shows the power of the 2012 Olympic Games to generate substantial private sector investment into the Olympic Park and the long-term regeneration of the Lower Lea Valley.
