Wood Group GTS and Thailand's Sime Darby Power Company Sign 10-Year Term Maintenance Agreement

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Jun 12, 2012, 10:31 ET

HOUSTON, June 12, 2012 /PRNewswire/ -- Wood Group GTS has secured a 10-year term maintenance agreement valued at approximately $15M with Sime Darby Power Company in Laem Chabang, Thailand. The scope of work includes new gas turbine parts supply, component repair and field services for three GE Frame 6B units across two power stations. Also included in the agreement is installation of Wood Group GTS' EcoValue™ power augmentation technology, designed to enhance gas turbine power output and improve heat rate.

Configured in both cogeneration and combined cycle modes, these gas fired power plants are capable of delivering a total output of 165MW. Over the last eight years Wood Group GTS has completed field service work and gas turbine combustion inspections for Sime Darby; however this latest award represents an investment in services focused on increasing the life cycle value of Sime Darby's gas turbine power generation technology.

Dato' Ir Jauhari Hamidi, Managing Director & Executive Vice President, Energy & Utilities Non-China Operations of Sime Darby stated, "Wood Group GTS' offering delivers significant benefits for our business by including their patented power augmentation solution along with a value driven approach to major maintenance services. Their service record, competitive proposal and ability to offer performance improvements for our gas turbine resulted in a successful contract award".

"This latest award strengthens our relationship with Sime Darby and we look forward to working closely with them, to enhance return on their investment in power generation assets", said Frank Avery, President, Wood Group GTS - Power Plant Services.

Wood Group GTS has also recently been awarded an additional contract by Sime Darby for the overhaul of a GE Frame 6B compressor rotor at the Laem Chabang power station. All work related to this contract will be performed within Wood Group GTS' existing workshops in Thailand. Sankar MKSamy, Maintenance Manager at Sime Darby Thailand Co. Ltd. commented, "We require a reputable international services company, able to provide complex maintenance solutions locally, thus avoiding risks associated with exporting a critical piece of generating equipment. We are very pleased to select Wood Group GTS based on their ability to deliver a value added maintenance solution within Thailand."

Wood Group GTS is a leading independent provider of rotating equipment services and solutions for clients in the power, oil & gas and clean energy markets. Worldwide, these services include: power plant engineering, procurement and construction; facility operations & maintenance; repair & overhaul, optimisation and upgrade of gas, wind and steam turbines, pumps, compressors and other high-speed rotating equipment.

Wood Group is an international energy services company with $6bn sales, employing more than 41,000 people worldwide and operating in 50 countries. The Group has three businesses – Engineering, Wood Group PSN and Wood Group GTS – providing a range of engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil & gas and power generation industries worldwide.

About Sime Darby LCP Power
The Sime Darby LCP Power Co. Ltd. (SLP) (formerly Sime LCP Power Co., Ltd.) is a subsidiary of the Energy & Utilities Division of the Sime Darby Group. The power generation business in Thailand was established in 2005 in the Laem Chabang Industrial estate. The facility generates power and supplies steam to the surrounding industrial customers as well as Thailand's Electricity Generating Authority of Thailand (EGAT).

www.simedarbyenergyutilities.com

About Sime Darby
Sime Darby is a Malaysia-based diversified multinational involved in key growth sectors, namely, plantations, property, motors, industrial equipment, energy & utilities and healthcare. Founded in 1910, its business divisions seek to create positive benefits in the economy, environment and society where it has a presence.

With a workforce of over 100,000 employees in over 20 countries, Sime Darby is committed to building a sustainable future for all its stakeholders. It is one of the largest companies on Bursa Malaysia with a market capitalisation of RM58.6bn (USD19.27bn) as of 3 May 2012.

www.simedarby.com

SOURCE Wood Group