Shaw inks contract to service 37 Saudi power plants
The Shaw Group announced this morning that it has been awarded a contract to implement a new services program for Saudi Electricity Co.'s 37 oil and gas-fired power plants throughout the Kingdom of Saudi Arabia. The contract follows an April 2010 multiphase study Shaw was commissioned to conduct that defined and recommended operational improvements for Saudi Electricity Company's fleet of power plants. Under the new contract, Shaw will implement a comprehensive asset management and performance diagnostic program addressing most aspects of 37 operating power plants with a concentration on safety, maintenance, staffing, benchmarking and corporate environmental programs. The value of the contract was not disclosed. Shaw says it expects to continue expanding its role in Saudi Arabia, assisting in developing oil, gas and nuclear power to support the kingdom's growing power generation needs. Under a separate, previously announced agreement, Shaw is pursuing the design, construction and operation of a new nuclear power plant in Saudi Arabia in partnership with Toshiba and Exelon. The country plans to invest approximately $112 billion during the next 20 years to build 16 nuclear power units to offset rising domestic energy demand and to retain its position as a leading hydrocarbons exporter. Saudi Electricity Co., which is responsible for all electricity generation, transmission and distribution in the country, is one of the largest utility companies in the world.
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