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RasGas, GE Energy sign $400m deal

Source: Thepeninsula 12/24/2005, Location: Middle East

RasGas Company Limited and GE Energy signed a 24-year Contractual Services Agreement (CSA) worth over $400m. The contract involves the maintenance of 22 gas turbines, 10 GE Frame 7001EA driving refrigeration compressors units, nine GE Frame 6001B driving power generators units and three GE Frame 5002D driving gas compressors units at RasGas facilities in Ras Laffan Industrial City. Together these gas turbines represent about 1,300 MW of power to drive the various applications.

The contract also covers Planned Maintenance and support for any unplanned outages as well as a comprehensive Performance Incentive package where rewards and corresponding liquidated damages are applied. The incentive plans include Availability, Outage Duration and Unit Power.

Hamad Mubarak al-Mohannadi, RasGas Operations Manager said GE will operate with a permanent resident team in Ras Laffan to enhance the plant availability while ensuring the highest safety and environment protection standards. The team will have access to the resources of the central engineering base at GE Headquarters to assist in their work.

He added that as custodian and executor of the contract, RasGas will act on behalf of Ras Laffan Liquefied Natural Gas Company Limited II, Ras Laffan Liquefied Natural Gas Company Limited III and ExxonMobil Middle East Gas Marketing Limited, who are the owners of the gas turbines.

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Related Categories: Diesel Engine  Engine Parts  General  Generating Sets  Generators  Marine Diesel Engine  Power Pack  Turbines (General)  Turbines: Gas  Turbines: Hydro  Turbines: Steam 

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