John Wood Unit Gets Kurdistan Power Facility Maintenance Pact

8th Jun 2010 08:57

LONDON (Dow Jones)--John Wood Group (WG.LN), an international energy services company, said Tuesday its subsidiary, Wood Group GTS, has signed a multi-year agreement with Mass Global Investment Company for operations and maintenance of the Solymaniah Power Facility, located in the Kurdistan region of Iraq. This exclusive operations and maintenance contract includes both transition and operational phase services, with an initial term of seven years, Wood said but didn't disclose any financial details. Solymaniah Power Facility is a 500-megawatt electric generation facility consisting of four GE 9001 E combustion gas turbines, providing essential power to the Kurdistan region of Iraq. Shares at 0750 GMT up 2.9 pence, or 0.98%, at 299.3 pence outperforming a slightly higher FTSE 250 Market--up 0.31%. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires June 08, 2010 03:57 ET (07:57 GMT)