Trade Resources Market View CTEC Pty Ltd Has Received a Notice of Award for a USD 105 Million Contract

CTEC Pty Ltd Has Received a Notice of Award for a USD 105 Million Contract

Forge Group Ltd advise that its wholly owned subsidiary, CTEC Pty Ltd has received a Notice of Award for a USD 105 million contract from WorleyParsons for the development of BHP Billiton’s Yarnima Power Station, three kilometres northwest of Newman in Western Australia’s Pilbara Region.

Forge Group Managing Director and CEO, Mr David Simpson said that the USD 105 million Engineering Procurement and Construction project strengthens the Company’s energy-related order book.

He added that “The Yarnima project entails the delivery of a Combined Cycle Gas Turbine power station comprising three gas turbines, three heat recovery steam generators and two steam turbines with auxiliary equipment. The project will be fully integrated, with CTEC managing delivery whilst utilising the services of our construction subsidiary, Cimeco.”

Mr Simpson further added that “This is the second major project to be awarded to CTEC since it was acquired by Forge Group in January this year. In September, CTEC was awarded a USD 280 million contract to deliver a CCGT Power Station at Cape Lambert in the Pilbara.”

Mr Simpson said that “It is also the third significant contract award since November 2011 when CTEC was awarded a USD 150 million EPC contract for the Open Cycle Gas Turbine Power Station project in the East Pilbara.”

The Yarnima Power Station will deliver 190 megawatts for the expansion of BHP Billiton Iron Ore’s Jimblebar mine. It will replace supply from the existing Newman Power Station.

Project work has begun, with delivery expected during the first half of calendar year 2014.

Source: http://www.steelguru.com/international_news/Forge_Group_wins_USD_105_million_power_station_contract/295156.html
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Forge Group wins USD 105 million power station contract
Topics: Metallurgy