IHI Power Services awarded operations and management agreement with Panamint Capital

IHI will oversee O&M for two of Panamint's cogeneration plants.

IHI Power Services Corp. (IPSC) announced it has entered into a third-party operations and management (O&M) service agreement with San Francisco-based investment management firm, Panamint Capital. The companies inked two new contracts for IPSC to oversee O&M for Panamint Capital’s Nevada Cogeneration Associate No.2 (NCA#2) facility, located near Las Vegas, and its Cottage Grove Cogeneration (Cottage Grove) plant based just outside of Minneapolis. The NCA#2 plant is comprised of an 85 MW 3×1 combined cycle cogeneration facility of three GE LM2500 combustion turbines and one GE steam turbine, supplying waste heat to a neighboring gypsum plant. Cottage Grove is a 245 MW CCGT Cogen facility powered by a Siemens 501FC+ with a Nooter Erickson triple pressure HRSG and a Siemens steam turbine.