Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff Inc., have received a contract effective Dec. 31 from Calpine Garrison LLC, a subsidiary of Calpine Corp., to build the Garrison Energy Center, a 309-MW combined cycle gas-fired power plant in Dover, Delaware.

The joint venture will perform the engineering, procurement and construction with a value to Kvaerner of approximately $100 million to $120 million. Kvaerner will lead the joint venture as well as performing construction. Parsons Brinckerhoff, Inc. will be responsible for the design, procurement of the balance of plant equipment and the commissioning. The plant will employ highly efficient combined-cycle technology with advanced environmental controls. The project is expected to begin construction in early 2013 with completion in summer 2015.

The Garrison Energy Center aligns with Kvaerner's strategy to focus on EPC gas-fired power plant construction in North America. With the industry shifting to cleaner burning natural gas, Kvaerner anticipates a significant number of projects in North America over the next decade. Factors contributing to this shift include low natural gas prices, environmental regulations and plant retirements.



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