Wood Group GTS wins GE LMS100 Operation & Maintenance Contract for Greenfield Panoche Energy Centre in California
Wood Group GTS, part of John Wood Group PLC ("Wood Group") has been awarded a US$6 million operation & maintenance ("O&M") contract by Energy Investors Funds ("EIF") for the Greenfield Panoche Energy Centre 400 MW Power Project in western Fresno County, California.
Panoche Energy Center is a simple-cycle, natural-gas fired generating station that comprises four General Electric LMS100 gas turbine generators addressing the need for peaking energy in the San Francisco Bay and Fresno load center. The O&M contract includes the care, custody, control and maintenance of the Panoche Energy Center from mobilization last September and during the operational phase which began in June 2009. Power Plant Management Services (PPMS) is the asset manager for the owners, EIF, providing general management services.
Fred Barber, Vice President of PPMS, EIF's asset manager for the Panoche project said, "Wood Group GTS brings a full service O&M team to Panoche, capable of performing O&M services and providing the plant team with additional technical support as needed. Wood Group GTS's expertise in O&M and its breadth of experience with GE LM6000, Frame 6 and aero-derivative plants, make them an ideal fit for the LMS 100 project".
"We are delighted that EIF and their asset manager, PPMS, have selected Wood Group GTS as the operator for this project," said Mark Papworth, CEO, Wood Group GTS. "This is a significant contract for Wood Group GTS to provide O&M and contractual solutions for GEs state-of-the-art technology LMS 100. We continually enhance our extensive portfolio of products and services to meet the emerging needs of our long-term customers".
Wood Group Gas Turbine Services
(GTS) is an independent provider of operations, maintenance, repair and overhaul services for gas turbines, steam turbines, generators, and other high-speed rotating equipment, including pumps and compressors. The company also repairs gas turbine accessories and components and provides power plants on a turnkey basis.
Energy Investor Funds
("EIF") is the lead investor in Panoche Energy Center LLC ("PEC"). EIF was founded in 1987 as the first private equity fund manager dedicated exclusively to the independent power and electric utility industry and is 100% management-owned. Since that time, EIF has mobilised over $3.3 billion in capital and currently manages six private equity funds.
Power Plant Management Services
(PPMS) serves as the asset Manager for EIF. PPMS provides general management services to financial owners of power generating facilities.
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