logo
Share SHARE
FONT-SIZE Plus   Neg

Wood Group GTS Obtains 5-yr Contract Extension From Sacramento Power Authority

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Sanofi (SNYNF, SNY) reported that its fourth-quarter net income attributable to equity holders decreased to 334 million euros from 1.34 billion euros, last year. Earnings per share was 0.26 euros compared to 1.02 euros. Earnings per share excluding the held for exchange Animal Health Business was 0.41... Tour operator TUI Group reported narrower EBITA loss in its first quarter with increased turnover, driven by strong performances in Northern Region and Cruises. Further, the company said its current trading for Winter 2015/2016 and Summer 2016 remains in line with its expectations. Looking ahead, TUI reiterated its outlook to deliver underlying EBITA growth of at least 10 percent in fiscal 2016. Yelp Inc. (YELP) on Monday posted a loss for the fourth quarter compared to a profit last year, as higher revenues were offset by increase in operating costs. Yelp said its Chief Financial Officer Rob Krolik was leaving the company. Yelp reported fourth-quarter loss of $22.2 million or $0.29 per share,...
comments powered by Disqus
RELATED NEWS
Trade WG.L now with 
Follow RTT