Keith Henry, CEO of Kvaerner’s core E&C business, commented: “With the current energy crisis in America – and the country’s ever-increasing demand for power set to reach new records over the next decade – there is huge demand for experienced power construction suppliers in the market-place. The strategic alignment we already have with major independent power producers in the U.S. – together with our long history in the industry, puts Kvaerner in a strong position to respond swiftly in that market,” he said. “Kvaerner is an alliance partner with Calpine and this is the second award to us. This high level of activity is set to continue, and we’re currently bidding for several further projects in the sector. We have the resources and technical expertise to help accelerate construction in the energy market – and this is a position we intend to optimise,” Henry concluded.
BELLEVUE, Wash., April 25, 2001 – State regulators today approved an innovative energy-conservation plan from Puget Sound Energy (the utility subsidiary of Puget Energy) that rewards the utility’s customers both for using less electricity and for shifting their power use to low-demand times of the day.