The Royal Borough of Greenwich has awarded FM Conway a six-year contract to provide street lighting and maintenance services, including replacing around 20,000 street and park lights with LED lanterns.
The contract, which began last month, will run for six years through to March 2027, with the option for the council to extend for up to a further four years to 2031. The estimated value of the contract is up to £24m.
The council said it secured an £11.5m loan from the Mayor of London for the LED conversion, which it estimates will save £1m a year in energy and maintenance costs, with the loan being repaid over 19 years.
Sarah Merrill, cabinet member for environment, sustainability and transport, said: ‘The new LED street light upgrade is a significant piece of work demonstrating our commitment to tackling the climate emergency and reaching our ambitious target of net zero carbon emissions by 2030.
'We are forecast to save 6,770,589 kWh per year, reducing our street lighting energy consumption by 74%. It will also reduce our CO2 consumption by 2,080 tonnes per year – the equivalent of driving a medium sized car from Greenwich to Edinburgh and back 9,000 times.’
The council said 15,000 lantern replacements will be completed in around a year and around 5,000 will be replaced over two to three years.
The contract will also see Conway deliver inspection, maintenance, repair, improvement, and new works in the borough.
FM Conway lighting director Graham Cartledge said: ‘This is a fantastic opportunity for the Lighting division, that continues to support the London boroughs to transform their lighting stock to a more environmentally-friendly Lighting lamp, and contributes to reducing the energy consumed within their borough.
‘At FM Conway we are working to provide sustainable solutions to support the boroughs from switching their lamps to LED, as well as installing EV chargers into street lamp columns, and recycling both the concrete lamp column and the lamp fittings for a greener London.’
Works will start September 2021.