Wood Group (John) Plc (WG.L) said its Wood Group GTS secured a five-year contract extension from Sacramento Power Authority, or SPA, for the operations and maintenance of their SPA CoGen III facility in Sacramento, California, bringing the total contract term to ten years.
SPA is a Joint Powers Authority formed by the Sacramento Municipal Utility District and the SMUD Financing Authority.
The 160MW SPA CoGen III project consists of a Siemens V84.2 gas turbine operating in cogeneration cycle, providing power and steam to the Campbell's Soup facility adjacent to the power plant. As per the agreement, Wood Group GTS is responsible for care and custody of the plant, including daily operations and routine maintenance. This contract renewal strengthens the relationship between both companies and follows a similar extension of an O&M contract for SMUDFA's Cosumnes Power Plant in 2011.
Click here to receive FREE breaking news email alerts for Wood Group and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News