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Wednesday, 29 April 2015 09:13

Former Balfour Beatty CEO to lead delivery of Swansea Bay tidal lagoon

Andrew McNaughton, FREng, CEng, FICE, is joining Tidal Lagoon Power as Director of Engineering and Construction and will oversee the technical development of world-leading British infrastructure to harness power from the rise and fall of the tides.

Subject to planning, Swansea Bay Tidal Lagoon will be the world's first tidal lagoon power plant. As a key part of his remit, the former CEO of Balfour Beatty will assume the role as Director of Construction for Tidal Lagoon Swansea Bay Plc, with the responsibility for delivering this major infrastructure asset into operational service.

Commenting on his new role, Andrew McNaughton said:

“Every so often, the UK infrastructure industry witnesses a major project with the ability to redefine the sector worldwide. The Swansea Bay Tidal Lagoon is one such project, with a team and tier one supply chain that combines the best of British infrastructure with international expertise of the highest calibre. I am thrilled to return to the industry’s frontline to oversee its delivery.”

Mark Shorrock, Chief Executive of Tidal Lagoon Power added:

“Andrew has been one of the leading lights in UK infrastructure for many years. We both share a view that the UK has a critical need for a new generation of power assets. Our vision is to build a scalable blueprint for a new form of power asset – Swansea Bay Tidal Lagoon– and then deliver a series of tidal lagoons at a levelised cost of energy that is the same as nuclear power and combined cycle gas turbines.”

Tidal Lagoon (Swansea Bay) plc is a special purpose vehicle company established specifically to construct, own and operate the world’s first tidal lagoon power plant at Swansea Bay. The 320MW installed capacity project, developed by Tidal Lagoon Power Ltd, has a design life of 120 years and a net annual power output of over 500 GWh; enough to meet the annual electricity requirement of over 155,000 homes, or over 90% of homes in the Swansea Bay area.

The project’s major delivery partnerships announced to date are: Atkins as Client’s Engineer; General Electric and Andritz Hydro as Turbine Preferred Bidders; and Prudential and InfraRed Capital Partners as Equity Partners.

In December 2014, the project was named in HM Treasury’s National Infrastructure Plan, the Welsh Government’s Wales National Infrastructure Plan, and European Commission President Jean-Claude Juncker’s investment plan.

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