Engineering firm Wood Group has been awarded a five-year operations and maintenance contract extension by Sacramento Power Authority (SPA) for the operations and maintenance of their SPA CoGen III facility in California.
The extension, worth $25m, brings the life of the contract to a total of 10 years. It follows a similar operations and maintenance contract extension for the Sacramento Municipal Utility District Financing Authority (SMUDFA) Cosumnes power plant in 2011.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
The five insurance policies you should haveSome insurance cover will be more important than others. We look at five insurance policies you may need to have to make sure you aren’t caught out in an emergency
-
Is Donald Trump putting the US dollar in danger?Donald Trump's administration sees one of its greatest advantages – the US dollar – as a burden. Gold is the obvious beneficiary, says Cris Sholto Heaton.
