Saudi Electricity enters into deal with Shaw on power plants

RIYADH – The Shaw Group Inc. announced Wednesday it has been awarded a new contract to implement a fleetwide services program for Saudi Electricity Company (SEC)’s oil and gas-fired power plants throughout Saudi Arabia.

In April 2010, Shaw was awarded a multi-phase study to define and recommend operational improvements for Saudi Electricity Company’s fleet of power plants. Under the new contract, Shaw will implement a comprehensive asset management and performance diagnostic program that will address most aspects of 37 operating power plants with a concentration on safety, maintenance, staffing, benchmarking and corporate environmental programs.

"The asset management and performance diagnostic program is designed to advance Saudi Electricity Company’s power plant operations and maintenance to international best practices," said J.M. Bernhard Jr., Shaw’s chairman, president and chief executive officer. "Shaw’s proven technical and operational expertise in power generation services continues to be an asset to SEC in its plans to transform the electricity industry and provide greater network reliability for the Saudi Arabia." Shaw expects to continue expanding its role assisting Saudi Arabia in developing oil, gas and nuclear power. – SG