Secretary of State for Transport and local MP attend EPS Factory
EPS Ltd have joined a venture partnership with the Giffen Group and Electren UK Ltd to form SSA (Switchgear Substation Alliance) UK Ltd. SSA will supply substations for the electrification of the UK rail network and EPS Ltd will manufacture, assemble and test the substation here in Loughborough.
The Rt Hon Patrick McLoughlin MP, accompanied the MP for Loughborough, the Rt Hon Nicky Morgan MP, for a tour of our factory and were shown how the substations will be constructed. Local and national press also covered the event and links to their articles and coverage can found at the end of this article.
The deal could be worth £50m over five years, creating up to fifty jobs and follows a strongly contested bid process that saw 12 companies submit proposals for the work. SSA UK Ltd then beat competition from five other shortlisted candidates to secure the contract.
Rt Hon Nicky Morgan, MP for Loughborough, commented "this contract is simply fantastic news, both for EPS and for Loughborough. A lot of people have worked very hard to achieve this £50m contract with Network Rail, and I praise the work they have all put in. Loughborough boasts some exceptional technology firms and EPS is at the forefront.”
The framework involves provision of multiple high voltage traction power substations which will be delivered as part of Network Rail’s five-year £38bn spending and investment programme.
Rt Hon Patrick McLoughlin MP, Secretary of State for Transport, commented “this contract will help transform a significant part of the network to enable faster and more reliable rail services.”
Saleem Mohammad, the Network Rail Director for the National Electrification Programme said, “our work to electrify 2,000 track miles represents the biggest programme of rail electrification in a generation and will support economic growth across the UK. This programme will also lead to a significant reduction in CO2 emissions and a sustainable world class transport system providing faster, quieter and more reliable journeys for millions of our passengers.
This framework contract with SSA UK Ltd will play a critical role in achieving these goals. It gives the company certainty about its pipeline of work, which means that they can target investment, maximise innovation and safety, and put the right resources and skills in place. We look forward to a successful partnership with SSA UK Ltd.”
A statement from SSA (Sub Station Alliance) UK Ltd said: “This long-term commitment from Network Rail enables investment in research and development in Loughborough to develop the next generation of air insulated switchgear.
The solution offered by SSA is flexible and can be integrated with different equipment, so not only will it provide competition between original equipment manufacturers, but also generate opportunities for new manufacturers.”
Articles and feature from the press event can be found here:
Please note the BBC Radio Leicester SSA article features at 01:38:34 and the BBC East Midlands Today report features at 00:11:31.