SOURCE: Wood Group

March 19, 2007 06:29 ET

Wood Group Power Operations Awarded Four Operation and Maintenance Contracts From LS Power

ATLANTA, GA -- (MARKET WIRE) -- March 19, 2007 -- Wood Group Power Operations, Incorporated ("WGPO"), part of the Gas Turbine Services Division of international energy services company John Wood Group PLC (LSE: WG) ("Wood Group"), has been awarded four six-year contracts, valued at a combined $55 million, from LS Power Acquisition Co I, LLC ("LS Power"), a member of the LS Power Group, for the operation and maintenance ("O&M") of power generation facilities to be acquired by LS Power from Mirant Americas, Incorporated.

The contracts awarded are for the O&M of the 903-megawatt (MW) Zeeland facility, the 561 MW Sugar Creek facility, the 546 MW Bosque facility and the 527 MW Apex facility, all consisting of advanced technology General Electric Frame 7FA heavy industrial gas turbines operating in both simple and combined cycle configurations.

LS Power has a fast-track schedule and underwent a highly competitive O&M service provider selection process. Ms. Carolyne Wass, Vice President of Commercial Management at LS Power, said, "We were looking for a company that is able to work seamlessly with LS Power, and WGPO has demonstrated this commitment on four projects they currently operate for LS Power. WGPO has proven its breadth of capabilities and innovative approach to the market, and we look forward to working with them on these important additions to our portfolio."

Frank Avery, President of WGPO, said, "Our success has been driven by a straight-forward, flexible and open approach to O&M. This approach instills confidence in our ability to effectively and efficiently operate the facilities under our management, and creates a sense of partnership as we strive to understand our customers' business needs and continually seek opportunities to add value. We are proud to have been given this vote of confidence by LS Power and will continue to nurture and grow this relationship by delivering on our commitments."

Wood Group is an international energy services company with approximately $3 billion in sales, employing 20,000 people worldwide and operating in 44 countries. The Group has three businesses -- Engineering & Production Facilities, Well Support, and Gas Turbine Services -- 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.

Wood Group Gas Turbine Services is a leading worldwide 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 for industrial and aero customers.

Wood Group Power Operations, Incorporated, with current operations of 27 projects generating over 11,000 megawatts, combines a fierce commitment to creative, value-added solutions, the global power, reach and resources of Wood Group's companies, and extensive experience in power plant operations to provide world-class operations and maintenance services that increase the productivity, efficiency and profitability of our customers' power plants.

LS Power Group, founded in 1990, is a fully integrated development, investment and asset management group of companies focused on the power industry. LS Power maintains offices in New York, New Jersey, Missouri, California, Florida and Massachusetts. For more information on the LS Power Group, please go to www.lspower.com.

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Contact Information

  • Contact:
    Bobbie Ireland
    Director, Corporate Communications - Americas
    Wood Group
    +1 281 828 3507
    Cell: +1 713 515 3571
    Bobbie.ireland@woodgroup.com