EPC Agreements for RE-POWERING Projects

摘要

Driven by low natural gas prices, permitting efficiencies, and political and economic headwinds against coal-fired generation, many U.S. power companies are working to increase the capacity of their existing fossil-fuel facilities by "re-powering" them as combined-cycle gas-fired facilities. When considering the contracts for the engineering, procurement and construction (EPC) of these projects, one might be tempted to assume that re-powering an existing plant would be a relatively simple contractual matter, when compared to the full construction of a new greenfield project.