CTEC Completes Stage II Construction and Start-Up of Todd Energy's McKee Power Plant in New Zealand

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Researched by Industrial Info Resources (Perth, Australia)--Nova Energy (Taranaki, New Zealand), a subsidiary of Todd Energy Limited (Wellington, New Zealand), with CTEC Private Limited, a subsidiary of Forge Group Limited (ASX:FGE) (Perth, Australia), has completed the construction and start-up of Phase II of the 100-megawatt (MW) McKee Natural Gas Power Plant at the existing McKee Power Station in Taranaki, New Zealand. The power plant is built alongside the company's McKee oil & gas field, which is near the township of Waitara, approximately 30 kilometers east of New Plymouth City Centre. McKee was the largest producing onshore oil field when it was commissioned in 2011.

Two 50-MW GE LM6000 combustion units were installed at the plant in 2012, and were finally commissioned in 2013. The addition of the new units has increased the power plant capacity to 102 MW from its initial operating capacity of only 2 MW. The McKee power station will operate as a peaker plant, which will be called into action during periods of high electricity demand.

Todd Energy appointed CTEC private limited to provide engineering, procurement and construction work at the power plant, before it was acquired by Forge Group in January 2012. Upon the acquisition, CTEC continued the project activities under the leadership of Forge Group.

"CTEC represents a good strategic fit to grow Forge Group as it opens up new markets both geographically and strategically," said Peter Hutchinson, the executive chairman of Forge. "The acquisition of CTEC brings with it a total uninvited order book of approximately $600 million to be billed over the next 30 months."

Over the years, Forge Group has acquired Cimeco Private Limited, Abesque Engineering and Construction Limited, and Webb Construction Private Limited, which assisted the company to continue to its diversity and growth into the new markets.

Since early 2012, there are speculations and rumors running around about building an identical power plant in the same region in Taranaki. Todd Energy Vice President Babu Bahirathan recently confirmed the rumors, and announced that the company plans to build another 100-MW natural gas plant at a different site. The new power plant will primarily act as a peaking power plant, but it will be able to run as a base load plant as needed.

The new plant is expected to have two combustion turbines to produce approximately 100-MW of power. However, the details of actual technical configuration and design will not be decided until the completion of design and approval phase.

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