DALLAS, Dec. 1, 2020 /PRNewswire/ -- Jacobs (NYSE:J)
was appointed by Pulau Indah Power Plant Sdn Bhd (PIPP) to deliver
owner's engineer services for the development of a 1,200 megawatt
(MW) Combined Cycle Power Plant (CCPP) situated on Pulau Indah in
Klang, Malaysia.
The award follows a recent announcement confirming Jacobs as the
owner's engineer for a 100 megawatt alternative current solar plant
in Pekan, Malaysia. The two
projects put Jacobs and its clients at the forefront of new
generation capacity in South-East
Asia as the region moves towards a low-carbon future.
"This project is another opportunity for Jacobs to support
Malaysia's major power development
projects and their continued focus on low-carbon and renewable
energy," said Jacobs People & Places Solutions Executive Vice
President Patrick Hill. "Gas
generation is more efficient and produces less emissions than other
fossil fuels and is an interim step in our energy transition
towards a zero-carbon future. Gas can replace aging baseload
generation with a lower carbon supply until emerging technologies
capable of delivering clean, reliable baseload power, such as
hydrogen, become feasible."
The project will deliver a 1,200 MW combined cycle gas turbine
plant to improve baseload supply for the region. When complete, it
will provide high efficiency, low carbon power to the central
region of peninsular Malaysia,
including in Klang, Kuala Langat and
Sepang districts where there is
high demand for electricity. The new plant is expected to help
attract new industrial development investments, stimulate economic
activity and create new employment opportunities in the region.
As owner's engineer, Jacobs will provide technical advisory
services through to financial close, design review, construction
monitoring, project management, attendance at factory testing and
warranty support. Commercial operation is currently slated for
January 2024. Tenaga Nasional Berhad
(TNB) will purchase the power generated from the new power plant
through a Power Purchase Agreement (PPA).
"The power plant will use HA turbine technology, the world's
most innovative turbine with advanced materials, cooling,
aerodynamics, combustion and digital capability," said PIPP
Managing Director Datuk Seri Gan Seong
Liam. "It is a clean energy alternative, that emits lower
levels of emissions and produces less greenhouse gases. We look
forward to the successful completion of this ground-breaking
project leveraging off Jacobs power experience in Malaysia and across the South East Asia region."
PIPP is a consortium of three companies: Maxim Global Berhad
(formerly known as Tadmax Resources Berhad), Worldwide Holdings
Berhad and Korea Electric Power Corporation.
At Jacobs, we're challenging today to reinvent tomorrow by
solving the world's most critical problems for thriving cities,
resilient environments, mission-critical outcomes, operational
advancement, scientific discovery and cutting-edge manufacturing,
turning abstract ideas into realities that transform the world for
good. With approximately $14 billion
in revenue and a talent force of more than 55,000, Jacobs provides
a full spectrum of professional services including consulting,
technical, scientific and project delivery for the government and
private sector. Visit jacobs.com and connect with Jacobs
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Certain statements contained in this press release constitute
forward-looking statements as such term is defined in Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such statements
are intended to be covered by the safe harbor provided by the same.
Statements made in this release that are not based on historical
fact are forward-looking statements. We base these forward-looking
statements on management's current estimates and expectations as
well as currently available competitive, financial and economic
data. Forward-looking statements, however, are inherently
uncertain. There are a variety of factors that could cause business
results to differ materially from our forward-looking statements,
including, but not limited to, the impact of the COVID-19 pandemic
and the related reaction of governments on global and regional
market conditions and the company's business. For a description of
some additional factors that may occur that could cause actual
results to differ from our forward-looking statements, see our
Annual Report on Form 10-K for the year ended October 2, 2020, and in particular the
discussions contained under Item 1 - Business; Item 1A - Risk
Factors; Item 3 - Legal Proceedings; and Item 7 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations, as well as the company's other filings with the
Securities and Exchange Commission. The company is not under any
duty to update any of the forward-looking statements after the date
of this press release to conform to actual results, except as
required by applicable law.
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214.583.8433
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SOURCE Jacobs