NAES Selected By J-POWER USA To Operate Four Long Island Power Plants
Issaquah, WA /PRNewswire/ - NAES Corporation, a broad-based provider of plant operations, maintenance, fabrication, construction, engineering and technical services, has been selected by J-POWER USA to operate four Long Island, New York, power-generating plants, effective May 1. The plants include Edgewood Energy LLC at Brentwood; Equus Power I LP atFreeport; Pinelawn Power LLC at West Babylon; and Shoreham Energy LLC at Brookhaven. The addition of these four assets brings the count of J-POWER USAfacilities under NAES's operation to seven.
"We are pleased to expand our successful relationship with J-POWER by providing operations and maintenance services to the Long Island plants," saidGeorge Wackerhagen, Senior Vice President of Plant Operations at NAES. "Over the years, NAES has worked hard to build a strong O&M platform that can be leveraged to yield significant fleet benefits to our customers, and J-POWER's award affirms the effectiveness of that platform."
Paul Peterson, Vice President of Asset Management for J-POWER USA, added, "NAES has consistently delivered the kind of O&M practices that help us realize our vision – which is to own and operate a best-in-class fleet of power plants. This agreement reflects our confidence in their ability to advance our fleet initiatives by optimizing resource allocation, enhancing employee leadership practices and improving business decisions."
About J-POWER USA
J-POWER USA Development Co., Ltd. is an indirect wholly owned subsidiary of Electric Power Development Co., Ltd. (J-POWER), a publicly traded company with revenues of nearly $6 billion US and assets of over USD 20 billion. J-POWER is one of the largest independent power generators in the world and the largest wholesale utility in Japan with domestic capacity of over 17 GW and owns equity interests in over 30 IPPs worldwide totaling over 6 GW.
J-POWER USA has grown through acquisitions and development to become a top-15 player in the U.S. independent power producer (IPP) sector, controlling over 2,700 MW of generation. Headquartered in the Chicago area, the company has a proven IPP sector track record including extensive experience with development, M&A, financing, operations and asset management. Consistent with J-POWER's worldwide strategy, J-POWER USA's mandate is to acquire, develop, operate and manage power facilities in North America.
About NAES
An independent services company, NAES is dedicated to delivering value to facilities across the power generation, oil & gas, petrochemical, pulp & paper, and manufacturing industries. The company draws on its deep experience in operations, maintenance, fabrication, construction, engineering and technical support to build, repair and operate plants that run safely, reliably and cost-effectively. The NAES family of companies includes E3 Consulting, Greenberry Industrial, Olsson Industrial Electric and NAES Power Contractors.
NAES is a wholly owned subsidiary of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU ranks among the world's largest corporations.
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Source: NAES Corporation
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