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
Chinese electric vehicle start-up Nio has launched the NIO ES8, a seven-seater electric SUV, at about half the price of Tesla's Model X. The ES8 is Nio's first mass-produced model for the China market. Founded in 2014, Nio unveiled the ES8 in Beijing on Saturday at a base price of 448,000 yuan, or $68,947, before subsidies. This is only about half the price for Tesla's Model X. Bitcoin futures started trading on the world's largest futures exchange, CME Group Sunday, a week after the launch of the very first bitcoin futures on CBOE. CME's own bitcoin futures contract started trading under the ticker "BTC", with the sale price for its January 2018 contracts opening at $20,650. HEICO Corp. (HEI) and Worthington Industries Inc. (WOR) are slated to release their quarterly results on December 18, 2017.
comments powered by Disqus
Follow RTT