UGL: agreement reached on Ichthys CCPP claims

UGL: agreement reached on Ichthys CCPP claims

Ichthys CCPP consortium comprising GE and  the CH2M HILL and UGL JV reached an agreement to settle claims on the US$550 million power plant with JKC Australia LNG.

The consortium has been awarded the deal in 2012 to build the combined cycle power plant for the Ichthys LNG project in Darwin, by JKC Australia, a joint venture between JGC Corporation, KBR and Chiyoda Corporation.

UGL informed in a statement on Wednesday that the all of the consortium’s claims up to 31 August 2015 have been settled.

UGL expressed confidence to receive a US$175 million provision in relation to the project.

According to the company’s statement, the parties have agreed to extend the time for the completion of the project in order to reduce risks associated with delays to the power project.

 

LNG World News Staff; Image: Inpex

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >