TransGrid’s multi-billion dollar capital works program is required to ensure our transmission network continues to deliver secure, reliable and safe electricity. TransGrid also has a major on-going program of refurbishment and replacement of ageing assets to ensure efficient supply to all customers.
The capital works program for the 2004/09 period comprised of more than 120 major projects with a total expenditure of over $1.2 billion over the period. During the regulatory period the number of active projects has grown yearly with more than 60 projects being delivered during the 2008/09 period.
The achievement of our capital works targets attests to the skills of TransGrid in the delivery of these works. Our strategy for strong internal growth sits alongside strategies by our suppliers and contracting partners to grow their capabilities in the delivery of our capital works program.
The past five years have seen strong growth in TransGrid’s internal and external project delivery capabilities and these capabilities form the base from which the 2009-14 capital program will be delivered with equal success.