PORTLAND, OR-Abengoa, a Spanish company that applies innovative technology solutions for sustainable development in the energy and environment sectors, has been selected by Portland General Electric to develop a 440-megawatt (MW) combined cycle power plant to supply electrical energy to half the population of Portland. The project is valued at $364 million.
Abengoa will be responsible for the engineering, design and construction of the combined cycle power plant under the engineering, procurement and construction turnkey system. The estimated time for completion is 36 months. Abengoa will not maintain any ownership interest in the property.
The combined cycle plant will be capable of producing electricity from natural gas. The company says it offers an efficient response to the needs of nearby towns and will contribute to national energy independence. Abengoa has subcontracted Mitsubishi Power Systems Americas to supply the power block equipment which involves the gas turbine, the steam turbine and the heat recovery steam generator.
“We are very pleased by this new success in the United States, which is the first sale of this kind for us in the U.S., and by PGE's reliance on Abengoa,” said Manuel Sanchez Ortega, CEO of Abengoa. “This contract is the result of the commercial efforts conducted by Abengoa's Engineering and Construction division.”
Abengoa has extensive experience in this type of project, having developed similar facilities in Latin America and Europe. This project is the first of its kind to be built in the United States.
The company has offices in Washington, D.C., St. Louis, Denver, Phoenix and Austin. It is also present, through the development of projects and operations, in a total of 12 states across the country, in addition to the two R&D centers located in Denver and St. Louis.