Jacobs Engineering (JEC) Awarded Contract for University of Minnesota Heat/Power Plant
Jacobs Engineering Group Inc. (NYSE: JEC) was awarded a contract to provide design services for the decommissioning, historic preservation and construction of the Old Main Utility Building (OMUB) Power Plant at the University of Minnesota (UMN) in Minneapolis (officially known as the Combined Heat and Power Plant project). The anticipated 14MW (mega watt) combined heat and power plant, fueled by clean-burning natural gas, will augment an existing coal-burning facility. The new natural gas-fired cogeneration plant is expected to power UMN's Minneapolis campus with electricity and steam while reducing the University's carbon footprint in accordance with its published Climate Action Plan.
The total installed cost (TIC) is $81 million.
Under the terms of the contract, Jacobs is verifying the results of a campus load study, determining how best to decommission the existing equipment, placing a resident on-site engineer, managing the historic preservation of the OMUB, designing the new plant and providing construction administration services. The work involves 3D modeling, interface coordination, detailed engineering and construction plans and environmental compliance, and cost estimates.
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The total installed cost (TIC) is $81 million.
Under the terms of the contract, Jacobs is verifying the results of a campus load study, determining how best to decommission the existing equipment, placing a resident on-site engineer, managing the historic preservation of the OMUB, designing the new plant and providing construction administration services. The work involves 3D modeling, interface coordination, detailed engineering and construction plans and environmental compliance, and cost estimates.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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