Shaw Awarded EPC Contract for Geothermal Plant

An Indonesian subsidiary of Shaw Stone & Webster unit has been awarded an engineering, procurement and construction contract for a new 60 megawatt geothermal power plant by PT Pertamina. The plant, which will be located in Kamojang, Java, Indonesia, is the first Pertamina independent power project to sell electricity to Indonesia's national electric power utility, PLN. The work will be done in conjunction with PT Rekayasa, a construction company headquartered in Jakarta, Indonesia, and is scheduled to be completed in 2008.

J.M. Bernhard, Jr., Chairman and Chief Executive Officer of Shaw, said, "We are very pleased to have been selected by PT Pertamina to provide EPC work for this significant geothermal plant. Shaw Stone & Webster has previously executed several projects in Indonesia including the Suralaya coal-fired power plant, Darajat Stage II Geothermal Power Plant, North Duri Cogen Power Plant and others.

Shaw is also working with Pertamina on other feasibility studies for geothermal projects in Indonesia, which has a geothermal resource potential of over 20,000 megawatts. This latest award further strengthens Shaw's position in the Pacific Rim and offers another opportunity for us to provide innovative and effective solutions to meet the world's energy needs."

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Posted 31/03/06

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