Posts Tagged ‘Power Plant’

ASX Company News: UGL Limited To Build Power Plant

Tuesday, May 1st, 2012

UGL Limited (UGL) announced that, in a 50:50 joint ventu with EPC firm CH2M HILL, it has been award a $550 million contract (total JV) by JKC Austra LNG Pty Ltd (a company established by a joint venture between JGC Corporation, KBR and Chiyod Corporatiion) for the  construction of a Combined Cycle Power Plant for the Ichthys liquefied natural gas (LNG Project in the Northern Territory. As part of the agreement, GE will engineer and supply gas turbines, steam turbines and heat recovery steam generators for the $34 billion Ichthys project. The CH2M HILL-UGL Joint Venture will design and supply the balance of plant based around the GE technology as as well undertake the complete construction of the project.

UGL’s Managing Director and CEO, Richa Leupen, said: For UGL, as part of the consortium with CH2M HILL and GE, this is a significant win and demonstrates on consistent ability to leverage our engineering capabilities, in this instant our power generation expertise, to deliver work on significant resources projects. We look forward to partnering with CH2M HIL and combining our skills to execute this important LNG project. During this cornerstone project is also a reflection of the strength of CH2M HILL and combining our skills to execute this important LNG project.

This milestone project follows on from the successful installation of the Tamar Valley Combined Cycle Power Plant by UGL in 2009 and the Darling Downs Combined Cycle Power Plant completed by GE and CH2M HILL in 2010. GE will supply five GE Frame 6B gas turbines and three SC4 single-flow steam turbines that will provide 500MW of installed power capacity for the facility. Design, procurement and fabrication for the Combined Cycle Power Plant works are expected to commence immediately, with an on- site commencement in mid-2013 and completion expected by the end of 2016.

www.ugllimited.com

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ASX Company News: Ausmon Resources Enters Power Plant Joint Venture

Wednesday, November 30th, 2011

Ausmon Resources Limited (AOA) is pleased to advise that it has entered into an agreement with Jiangsu Datang International Jintan setting out the working arrangements for a joint development of a gas-fired thermoelectric co-generation power project in Jiangsu Province in China to supply power to the Jintan Economic Development Zone. The Project consists of the construction in two phases of a 1,000 MW gas fired thermoelectric co-generation power plant involving investments of RMB 4.5 billion (approximately A$ 700 million).  The Project also includes the construction of a natural gas pipeline to transport gas from the supplier to the power plant.

Ausmon through its business relationships will source gas supply for the Project and has carriage for the construction of the pipeline. Both parties have agreed to proceed immediately with all the studies, approval procedures and other processes to implement the Project. Ausmon will seek the approval of its shareholders prior to capital investment in the Project at the relevant time, by reason of its size and nature relative the company’s current operations.

www.ausmonresources.com.au

http://www.traderdealer.com.au/fundamentals/aoa

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