Sherpa Hossainy's Blog

Wood Group Grabs $13m Contract in Myanmar

Posted in Myanmar, Uncategorized, Yangon by Sherpa Hossainy on August 24, 2014

Published in Myanmar Business Today (Vol 1, Issue 31) on Sep 5, 2013

Scotland-based oil and gas services company Wood Group GTS has won a multi-million dollar contract in Myanmar.

The company was awarded a one year contract worth $13 million by a power company in Myanmar to overhaul and upgrade three gas turbines in Yangon, Wood Group said in a statement.

This is the first major contract win for Wood Group in Myanmar.

Wood Group said the overhauls and upgrades are expected to improve the total output of the gas turbines and provide increased reliability to Myanmar’s power production.

Frank Avery, president of Wood Group GTS, Power Plant Services, said, “Wood Group GTS’ experience in fulfilling maintenance requirements as well as their ability to demonstrate value and flexibility were key factors in awarding this contract.”

“Our extensive custom-built solution is designed to help stabilise electrical power for critical supply and help to overcome power shortages occurring in the Yangon region,” Avery added.

The scope of work encompasses the complete overhaul of the gas turbines and auxiliary equipment including supply of new gas turbine parts, rotor overhaul, control systems, gas valve upgrades, and patented EcoValue compressor water wash systems, it said.

Similar Wood Group GTS water wash systems installed on 6B gas turbines within the Asia Pacific region have improved turbine performance, increasing power output by up to 2.1 percent on a 2×1 power block, resulting in approximately $1 million in additional revenue per annum, Wood Group said.

Wood Group operates in 50 countries worldwide, employing around 43,000 people. It’s 2012 revenue stood at about $7 billion.

Wood Group has three businesses – Wood Group Engineering, Wood Group PSN and Wood Group GTS – providing engineering, production support, maintenance management and industrial gas turbine overhaul and repair services.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: