This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

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

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs