Costain selected as delivery partner for Urenco at Capenhurst

(Sharecast News) - Costain Group announced on Thursday that it has been selected as the programme delivery partner for Urenco's infrastructure investment at its Capenhurst site in Cheshire. The London-listed firm said the contract, expected to span at least three years, would see it lead and execute a series of upgrades to support Urenco's operations.

It said the Capenhurst facility plays a key role in uranium enrichment for civil nuclear power, supplying fuel for low-carbon electricity generation in the UK and internationally.

The partnership with Costain was part of Urenco's broader investment in modernising its infrastructure to enhance operational efficiency and support long-term growth.

Costain said it would oversee the integration and delivery of various infrastructure improvements, with contracts to be awarded under the framework over the programme's duration.

"Costain has a long and successful track record in delivering critical national infrastructure that creates a sustainable future," said chief executive officer Alex Vaughan.

"This new role is an example of our strategic focus on growth in strong markets and building a resilient customer mix.

"We will draw on our expertise to ensure predictable, best-in-class delivery for Urenco, as we create a more prosperous, resilient and decarbonised UK."

At 0935 GMT, shares in Costain Group were up 0.47% at 106.5p.

Reporting by Josh White for Sharecast.com.