Shaw Group announces SEC power plant deal
Services programme launched for Kingdom's power infrastructure
The Shaw Group has reported that it has been awarded a deal to implement a services programme for Saudi Electricity Company’s (SEC) oil and gas-fired power plants throughout Saudi Arabia. Under the contract, the engineering services firm will undertake a full asset management and performance diagnostic programme that will consider most operational aspects of 37 power plants in the Kingdom. The firm will focus on issues such as safety, maintenance and benchmarking.
“The asset management and performance diagnostic programme is designed to advance Saudi Electricity Company’s power plant operations and maintenance to international best practices. Shaw’s proven technical and operational expertise in power generation services continues to be an asset to Saudi Electricity Company in its plans to transform the electricity industry and provide greater network reliability for the Kingdom of Saudi Arabia,” said Shaw’s president, chairman and CEO, J.M. Bernhard Jr.
The company is anticipating that its role in Saudi Arabia is likely to expand as the Kingdom pushes ahead with nuclear power development. Under a separate announcement, Shaw, alongside Toshiba and Exelon, are looking at opportunities to design, engineer, construct and operate new nuclear plants in the country. Saudi has previously stated plans to invest US $112 billion over the next 20 years to construct 16 nuclear plants.