PMFG lands $10M energy contract, chief upbeat on natural gas’ futureJuly 7, 2014
A. Lee Graham
PMFG Inc. of Dallas has been awarded a new contract with Peerless’ environmental systems unit valued at more than $10 million.
The contract is for multiple selective catalytic reduction systems to be installed as part of a new 2,600-megawatt natural gas-fired combined cycle power plant in Taiwan. The project is scheduled to be completed by the fall of 2016.
"Although the global shift to natural gas by large utility customers has been slower than the market anticipated, we believe the transition is gaining momentum and we are very well positioned to leverage this opportunity around the world,” said CEO Peter J. Burlage in a news release.
“This new order is a great win for PMFG and we are proud to be part of a high efficiency, low emission power plant in the Asia Pacific region,” Burlage said.
Including the newly announced contract, Burlage said he expects net bookings for the fiscal year ending June 28, 2014 to increase more than 50 percent over the prior year.
“We expect the region will remain a key growth avenue for the company as power demand grows and emissions standards tighten," Burlage said.
PMFG provides custom-engineered systems and products designed to help ensure safe, efficient and clean energy delivery. It primarily serves power generation, natural gas infrastructure and petrochemical processing markets.