PearlStreet signs five year contract with Qld energy supplier
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Perth-based asset services contractor PearlStreet Ltd has signed a five year contract with Queensland Government-owned energy supplier CS Energy, along with three other service providers.
The full text of a company announcement is pasted below
Energy and resources sector asset services contractor, PearlStreet Ltd today announced it has been awarded a five year alliance contract with Queensland Government-owned CS Energy, the State's largest energy supplier.
Under the estimated $3 million, five year alliance contract PearlStreet's asset integrity division, PearlStreet ETRS ("PETRS"), will work under a collaborative agreement with CS Energy and three other service providers, Clyde Babcock Hitachi (Australia) Pty
Ltd (CBH), Siemens Limited, and Varley Limited.
PETRS will deliver asset integrity and engineering services as part of a major overhaul assignment at CS Energy's Queensland-based power stations. CS Energy supplies more than 30% of the state's electricity demand from its four power stations.
CS Energy Chief Executive Mark Chatfield said the reliability of CS Energy's power station assets was a key element of the company's success.
"PearlStreet's proven capability in asset integrity and engineering services was a key consideration in awarding this contract," said Mr Chatfield.
PearlStreet Managing Director Anthony Wooles believes the contract reflects PearlStreet's industry recognition as a leading asset lifecycle partner to Australia's energy sector.
"The strong capabilities, industry experience and client partnering credentials of the PETRS division are highly valued across the sector," Mr Wooles said.
"Following our recent listing and strong interim financial results the Company is well positioned to undertake more contracts of this size and significance."
PETRS's working partnership with Queensland electricity industry has supported the performance of the state's power plant assets for over 38 years, supplying full-scale Non Destructive Testing (NDT), inspection and maintenance services.
"We look forward to strengthening our relationship with CS Energy and sustaining the on-going value of its energy facilities," he said.