(EnergyAsia, August 31 2012, Friday) — UK’s Wood Group GTS said it has extended long-term agreements to provide maintenance for the power plants of GDF SUEZ Glow Energy Public Company Limited and Glow SPP11 Company Limited (formerly known as Thai National Power Co Ltd).
Wood Group said the extension for the original agreement signed in 2004 will cover maintenance for two additional GE Frame 6B gas turbines located at Glow SPP11 Company’s power plant in the Thai industrial estate of Rayong.
Worth an additional US$20 million, the extension brings the total number of GE Frame 6B gas turbines under contract to 16, with an estimated remaining term of 13 years, expiring in 2025.
The scope of this agreement includes planned and unplanned maintenance services, component repair and supply of new capital parts, performance guarantees, and dedicated project management. Also included is the installation of Wood Group GTS’ proprietary EcoValueTM compressor water wash technology.
Similar systems installed by Wood Group GTS within the region have improved turbine performance, increasing power output by up to 2.1% on a 2×1 power block, resulting in additional annual revenue of approximately US$1 million.
“Our goal is to consolidate maintenance of our generating assets within a flexible, cost-effective support agreement that is reliable and enhances plant efficiency. Wood Group GTS’s excellent service history since the implementation of the original agreement which is due to their first-rate programs, procedures and outstanding technical personnel,” said Pajongwit Pongsivapai of Glow Group.
“Extension of this landmark agreement with GDF SUEZ is testimony to the value our independent maintenance solution brings to gas turbine operators,” said Frank Avery of Wood Group GTS.
“We have a track record of delivering lower life cycle costs through our philosophy of service excellence and the implementation of new technology to increase turbine performance. This award strengthens our position as the leading independent aftermarket service provider in this growing region, where demand for power is increasing.”
Wood Group GTS is a leading independent provider of rotating equipment services and solutions for companies in the power, oil, gas and clean energy markets.