E announced an order with Bechtel for an engineered equipment package (EEP) to power the upcoming Cricket Valley Energy Center (CVEC) in Dover, New York, USA.
CVEC is an approximately 1100 MW natural gas fired electric generation facility scheduled for operation in 2020. The facility is owned by JERA Co., Inc., TIAA Investments, Advanced Power AG, BlackRock Financial Management Inc., Development Bank of Japan, Inc. and NongHyup Financial Group.
“Together with Bechtel, GE plans to deliver the most efficient combined-cycle power plant in New York State,” said Joe Mastrangelo, president & CEO, GE Gas Power Systems. “CVEC will be powered by our expanded portfolio of products and solutions including our industry-leading F-class turbines and will set the standard, not only for efficiency, but also when it comes to providing more reliable and flexible power than ever before.”
Advanced Power, the developer of CVEC, selected Bechtel as the engineering, procurement and construction partner for the project. Bechtel’s EEP order will include three 7F.05 gas turbines, three steam turbines, three heat recovery steam generators and additional equipment. GE said its F-Class gas turbine has the world’s largest fleet with more than 1300 units installed worldwide with more than 72 million fired hours in service. GE Power Services has also signed a multi-year services agreement for continued maintenance, including three major inspections, of the facility’s power generation equipment. CVEC will help offset potential power disruptions due to the retirement of the nearby Indian Point nuclear power facility.
In addition to the equipment order, GE, through GE Capital’s Energy Financial Services, served as a co-lead arranger and administrative agent to help secure approximately US$1 billion in senior-secured credit facilities for the project, which will be used to support construction and operations of the plant. The combined cycle power plant is scheduled to go online in 2020.
“We are committed to helping New York State meet its growing energy needs sustainably and we are pleased to select GE’s combined-cycle power generation technology for this important facility,” said Scott Osborne, global sector lead for Bechtel’s power business. “The addition of Cricket Valley to our portfolio of projects firmly establishes Bechtel as the leading engineering contractor for combined-cycle power generation in the U.S.”