Wood Group GTS Signs Frame 7FA Operations & Maintenance Agreement With Entegra Power Group And Sundevil Power Holdings
ALPHARETTA, Ga., Jan. 29, 2013 /PRNewswire/ -- Wood Group GTS has signed a four-year operations and maintenance (O&M) contract with Entegra Power Group and Sundevil Power Holdings to operate the Gila River Power Station, one of the largest independent power plants in the US. Located near Phoenix, the station has eight GE Frame 7FA gas turbines, eight heat recovery steam generators and is capable of producing 2,200 MW of electrical power.
Wood Group GTS currently provides gas turbine upgrades, repairs and outage services to the facility and also recently secured a major maintenance inspection contract for two gas turbines and one steam generator at the site.
The Gila River Power Station was an early adopter of Wood Group GTS' ECOMAX ® system, an automated gas turbine tuning technology that enables the operator to optimize gas turbine combustor and overall gas turbine performance on a real-time basis. Currently, ECOMAX is installed on six of the gas turbines, and the new agreement includes a provision to install ECOMAX on the other two units. Following the installation of the initial six ECOMAX systems, power output at the station increased 1.5 - 2.0 percent, while heat rate decreased by up to 0.25 percent.
"We focus on life-cycle value for our customers, not just efficient daily operations and management of power plants like Gila River," said Frank Avery of Wood Group GTS. "Using our O&M experience, engineering experience and unique technology we identified ways to increase the overall plant performance through increased output and efficiency as part of the services we offer. WG GTS' services have been specifically engineered to deliver this level of value for all our customers."Note to Editors Wood Group GTS is a leading independent provider of rotating equipment services and solutions for clients in the power, oil & gas and clean energy markets. Worldwide, these services include: power plant engineering, procurement and construction; facility operations & maintenance; repair & overhaul, optimization and upgrades of gas, wind and steam turbines, pumps, compressors and other high-speed rotating equipment. www.woodgroupgts.com Wood Group is an international energy services company with $6bn sales, employing over 42,000 people worldwide and operating in 50 countries. The Group has three businesses - Engineering, Wood Group PSN and Wood Group GTS - providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas and power generation industries worldwide. www.woodgroup.com Entegra Power Group owns, operates and markets electric power from highly efficient, natural gas-fueled power plants to wholesale customers in the southeastern and southwestern United States. The energy assets owned by Entegra include six combined cycle power plants capable of producing approximately 3,300 MW of power, as well as a 42-mile interstate pipeline. Two of the combined cycle plants are located at the Gila River Power Station in Gila Bend, Arizona and the other four are located at the Union Power Station in El Dorado, Arkansas. http://www.entegrapower.com/index.htm Sundevil Power Holdings, LLC owns power blocks one and two at the Gila River Power Station in Gila Bend, Arizona producing 1,100 MW of power. Sundevil Power Holdings is a wholly-owned subsidiary of private investment funds managed by Wayzata Investment Partners LLC. SOURCE Wood Group GTS
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts