Primoris Services (PRIM) Receives $60M+ Power Plant Award

September 28, 2016 7:33 AM EDT

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Primoris Services Corporation (NASDAQ: PRIM) announced a new power plant award valued in excess of $60 million. The contract was signed by Primoris Energy Services' power division, part of the Energy segment. Work is scheduled to commence in the fourth quarter of 2016, and planned completion is in the first quarter of 2018.

  • The award is for the Engineering, Procurement, and Construction ("EPC") of a 340-megawatt simple cycle gas turbine power plant located in the Mid-Atlantic region of the United States.
  • The new plant is an expansion of an existing facility and will provide additional on-demand peaking electricity generation.

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