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BHP Group Limited — Capital/Financing Update 2012
Dec 11, 2012
14787_rns_2012-12-11_07d8b2cb-c931-46f2-867c-51e8f2df1cdd.pdf
Capital/Financing Update
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Australian Securities Exchange Company Announcements Office Exchange Centre 20 Bridge St SYDNEY NSW 2000
12 December 2012
Via E - lodgement
Dear Sir/Madam
Notice of Award : Forge Group wins $105 million power station contract
Forge Group Ltd (ASX:FGE) (Forge Group or Company) is pleased to advise that its whollyowned subsidiary, CTEC Pty Ltd (CTEC) has received a Notice of Award for a $105 million contract from WorleyParsons for the development of BHP Billiton’s Yarnima Power Station, three kilometres northwest of Newman in Western Australia’s Pilbara Region.
Forge Group Managing Director and CEO, David Simpson says the $105 million Engineering Procurement and Construction (EPC) project strengthens the Company’s energy-related order book.
“The Yarnima project entails the delivery of a Combined Cycle Gas Turbine (CCGT) power station comprising three gas turbines, three heat recovery steam generators and two steam turbines with auxiliary equipment.
“The project will be fully integrated, with CTEC managing delivery whilst utilising the services of our construction subsidiary, Cimeco,” Mr Simpson said.
“This is the second major project to be awarded to CTEC since it was acquired by Forge Group in January this year. In September, CTEC was awarded a $280 million contract to deliver a CCGT Power Station at Cape Lambert in the Pilbara.
“It is also the third significant contract award since November 2011 when CTEC was awarded a $150 million EPC contract for the Open Cycle Gas Turbine Power Station project in the East Pilbara,” Mr Simpson said.
“In addition to boosting Forge Group revenue, these awards support our strategy of growing our EPC services in the power sector. They create increased opportunities for Forge Group to demonstrate its capabilities in providing integrated engineering, construction and maintenance services” Mr Simpson said.
The Yarnima Power Station will deliver 190 megawatts for the expansion of BHP Billiton Iron Ore’s Jimblebar mine. It will replace supply from the existing Newman Power Station.
Project work has begun, with delivery expected during the first half of calendar year 2014.
Yours sincerely
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Andrew Bell Company Secretary Forge Group Ltd
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About Forge
Headquartered in Perth, Western Australia, Forge Group Limited (ASX: FGE) offers an integrated suite of engineering, construction, maintenance and power generation services particularly to the resources, oil & gas and infrastructure sectors.
With an experienced workforce of more than 1,700, Forge Group operates in WA, Queensland and West Africa, servicing some of Australia’s leading resources and energy sector clients including BHP Billiton, Rio Tinto, Fortescue Metals Group, Woodside, Chevron, MCC and AngloGold Ashanti.
Through its four wholly owned subsidiaries, Forge Group provides a single-point solution to clients seeking efficient contractor relationships across the whole project lifespan; from initial studies, through to design, engineering, construction and ongoing maintenance.
Forge Group has recently been restructured and, with effect from 1 January 2013, will rebrand and operate as a multidisciplinary EPC service provider comprising four fullyintegrated business units focused on Minerals & Resources, Power, Construction and Asset Management.
CTEC is responsible for all power construction, engineering and design for the group. An international power project provider to the energy and utilities sectors, CTEC specialises in Gas Turbine Power Plants, providing solutions in open or combined cycle configurations to meet client specifications.
Cimeco provides a full range of multidiscipline construction services including: civil and concrete; structural, mechanical, piping and tanks; electrical and instrumentation; building and maintenance services.
Abesque Engineering is a specialist provider of process design, engineering, construction and project management services including feasibility studies, front-end engineering design (FEED) and EPC contract execution.
Webb Construction has been providing construction and engineering services to the African sector for more than 15 years. With its head office in Johannesburg, Webb is particularly active in Ghana, Sierra Leone, Burkina Faso and Mali.
Forge Group’s cornerstone shareholder is Clough Limited (ASX:CLO).
For further information, please contact:
David Simpson Managing Director Tel: +61 8 6389 8500
Donald Montgomery Chief Financial Officer
Media:
Warrick Hazeldine/Greg Galton Cannings Purple Tel: +61 8 6314 6300 / +61 417 944 616 Visit: www.forgegroup.com.au
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