EthosEnergy has been awarded a $8m, five year contract for full operations and maintenance (O&M) by Quantum Utility Generation for their Nevada Cogeneration Associates #2 plant in Nevada, US.
The contract is for full care, custody and control operations, and maintenance including mobilization. This will be the fourth plant in the Quantum portfolio that EthosEnergy has taken full O&M control for.
Mark Breen, SVP Operations of Quantum Utility Generation said, “We have a strong, established relationship with EthosEnergy which meant we were confident they could deliver a package that offered real value for Nevada Cogeneration Associates #2. Their excellent execution on existing O&M contracts with us was key when awarding them this contract.”
Charlie Hoock, SVP of Operations and Maintenance Services, EthosEnergy said, “Through our existing relationship with Quantum we were able to craft a solution that focussed on their key drivers; smooth and efficient transfer of operations and increased performance of the plant. Our solution included a tailored transition, prioritizing employee onboarding, safety and business continuity. Our extensive experience with aero-derivative combustion turbines operations, maintenance, controls and performance optimization gave Quantum the confidence we would extract maximum value from this facility.
“Our systems and technology are designed to drive facility production productivity and identify improvements that will deliver long-term efficiency and associated savings.”
EthosEnergy’s operations and management system focuses on maximizing plant performance and availability, mitigating risk, complying with all regulatory requirements, transparent and regular communication, reliability, cyber security and risk management expertise.
EthosEnergy is a leading independent service provider of rotating equipment services and solutions to the power, oil & gas and industrial markets. Globally, these services include power plant engineering, procurement and construction; facility operations & maintenance; design, manufacture and application of engineered components, upgrades and re-rates; repair, overhaul and optimization of gas and steam turbines, generators, pumps, compressors and other high-speed rotating equipment. www.ethosenergygroup.com
Quantum Utility Generation, LLC is an operating company based in Houston, Texas that was established to invest in the Americas’ power generation space, and is co-funded by Quantum Energy Partners, a private equity fund with more than $6.5 billion in commitments, the Canada Pension Plan Investment Board, which manages $170 billion on behalf of the Canada Pension Plan, and management. QUG’s approach to investments and operations capitalizes on the deep industry experience of our team to provide investor-owned and public power customers with a unique set of physical, financial and commercial options through structured transactions involving our portfolio of assets. QUG’s current portfolio interests include 441 MW of operating generation, 159 MW of projects in construction, and 2,416 MW of development projects. For more information, please see our website at www.quantumug.com
For further information contact:
Katie Elder, Head of Communications, EthosEnergy
Tel: +44 (0) 1224 367279,
Jennifer Gibson, Senior Communications Specialist, EthosEnergy
Tel: +44 (0) 1224 367256, email: Jennifer.firstname.lastname@example.org