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Kvaerner awarded contract for gas-fired power plant in Delaware  

OSLO -- The joint venture will perform the engineering, procurement and construction with a value to Kvaerner of approximately $100 to 120 million.  Kvaerner NAC will lead the joint venture as well as performing the construction of the facility.

Parsons Brinckerhoff, Inc. will be responsible for the design, procurement of the balance of plant equipment and the commissioning. The plant will employ highly efficient combined-cycle technology with advanced environmental controls.  The project is expected to begin construction in early 2013 with completion in summer 2015.

 The Garrison Energy Center aligns with Kvaerner' s strategy to focus on EPC gas-fired power plant construction in North America. With the industry shifting to cleaner burning natural gas, Kvaerner anticipates a significant number of projects in North America over the next decade. Factors contributing to this shift include low natural gas prices, environmental regulations and plant retirements.

Jan Arve Haugan, President & CEO of Kvaerner said, "We are pleased to secure this project in the unionized areas of the United States and Canada where Kvaerner is well positioned to capitalize on these opportunities."

 

12/31/2012

 

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