Worley has acquired Ferrovial’s 50% shareholding of TW Power Services Pty Ltd (TWPS), increasing its stake to 100%. The move boosts Worley’s operations and maintenance (O&M) provision for critical infrastructure projects across Australia, New Zealand and South East Asia.
Worley established TWPS as a joint venture in 2004. With over 700 employees, TWPS is the largest independent operations and maintenance service provider in the Australian power sector, with contracts to operate and maintain 12 GW+ of diverse power technology facilities, including power stations fuelled by renewable energy sources and gas pipeline assets.
The acquisition will bolster Worley’s existing global Power business, adding to the group’s already established O&M activities, which currently service over AU$100 billion of critical infrastructure assets in Australia alone.
Additional benefits of the acquisition include:
- Coupling TWPS’ onshore wind capability with Worley’s offshore wind capability – 3sun – to produce an industry leading service offering in the global independent power market.
- Leveraging TWPS’ leadership in the development and application of digital technology to O&M services across Worley’s global O&M business.
- Combining O&M experience with technical and delivery expertise enabling Worley to support customers across the full asset life cycle.
- Global deployment of TWPS’ experience, systems and expertise across different power technologies.
Read the article online at: https://www.energyglobal.com/special-reports/10072020/worley-expands-om-services-with-twps-acquisition/