Wood Group GTS wins $875 million EPC contract
for Israel's largest private power station
November 30, 2010 - Wood Group GTS has been awarded an engineering, procurement
and construction (EPC) contract valued at approximately $875 million from Dorad
Energy to build an 800-megawatt power plant in Israel. The natural gas-fired
Dorad Power Plant is expected to be online within 36 months and when completed
will represent approximately eight per cent of Israel's total installed power
generation capacity.
Wood Group GTS has full turnkey responsibility for the combined-cycle plant,
from design, procurement and construction through to commissioning and
handover. The combined-cycle power plant will utilise 12 natural gas-fired
turbines connected to a heat-recovery steam generator that will provide steam
to run two steam turbines. This combined cycle gas turbine technology will
offer significantly improved emissions as compared to coal-fired technology.
"The landmark Dorad Power Plant will be one of the first major operational
independent power producers following Israel's deregulation of electricity
markets," stated Mark Papworth, CEO, Wood Group GTS. "As the global economy
recovers and an increase in power generation is required, we expect a robust
market opportunity for additional gas-fired power generation capacity. We
intend to continue to develop our EPC activities, supporting our clients' new
power plant requirements both in the Americas and the Eastern Hemisphere."
-ends-
Notes to editors
Wood Group (John Wood Group PLC) is an international energy services company
with $5bn revenues, employing approximately 29,000 people worldwide and
operating in 50 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. www.woodgroup.com
Wood Group GTS is a leading independent provider of services and solutions for
clients in the power, oil & gas and renewable energy markets. Worldwide, these
services include; power plant engineering, procurement and construction
management, facility operations & maintenance, repair & overhaul of gas, wind
and steam turbines, pumps, compressors and other high-speed rotating equipment.
www.woodgroupgts.com
Dorad Energy, Ltd. is a Bnei-Brak, Israel-based electricity company whose
shareholders include Eilat-Ashkelon Infrastructure Services Ltd., Zorlu Enerji
Elektrik Uretim A.S Tie A.S, U. Dori Group and Edelcom Ltd.
For further information contact
Nick Gilman, Corporate Communications
Tel: +44 (0) 1224 851000, email: nick.gilman@woodgroup.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.