PIC Group, a leading provider of power and energy service across the world, announced being awarded the Operation and Maintenance (O&M) Agreement by LS Power for the Patriot Hydro Portfolio. Under the provisions of the O&M Agreement, PIC Group will have as operational as well as transitional services responsibility, including full care, control, and custody of the Patriot Hydro Portfolio's day-to-day operations and maintenance services through 2025. The Patriot Hydro Portfolio consists of a fleet of 42 hydroelectric power assets dispersed across 11 states.
Frank Avery, President and CEO at PIC Group, said, "PIC Group's systematic and knowledge-based approach to operations and maintenance adds value to the assets with the objective of meeting or exceeding the shared goals of compliance with all regulations and requirements, performance through high availability and reliability as well as O&M cost management across the Patriot Hydro assets."
(Source – Business Newswire)
"PIC Group's proven track record in successfully managing complex programs and larger portfolios of assets uniquely positions them to support the transition, operate and maintain the Patriot Hydroelectric fleet. We look forward to working with PIC Group with their professional, customer centric approach to operations and maintenance," mentioned Anthony Hammond, Senior Vice President, Head of Asset Management at LS Power.
(Source – Business Newswire)
About PIC Group, Inc.
Established in 1988, PIC Group, Inc. is committed to generating value by offering worldwide energy services to sites on four continents: North America, South America, Asia, and Africa. PIC provides O&M services (care, control, and custody), commissioning and startup, documentation and training, and staffing to the oil and gas, power generation, pulp and paper, petrochemical, and manufacturing industries.
About LS Power
LS Power is a North American power and energy infrastructure development, investment, and operating corporation. Since its establishment in 1990, LS Power has developed, built, operated, or acquired over 46,000 MW of power production capacity, including wind, utility-scale solar, natural gas-fired, hydro, and battery energy storage projects, 17,000 MW of which are now operational.