Evergreen, Bechtel expand agreements to cover EPC

摘要

Evergreen Energy has amended and restated its umbrella agreement with Bechtel Power Corp. Evergreen Energy has committed to provide BPC with 1 billion dollars in construction contracts through 2013. This amended agreement defines more sharply the scope of engineering, procurement and construction services that may be performed by BPC. Evergreen will use BPC's services to oversee both technical development and implementation of all new facilities and existing plants, including both K-Fuel and K-Direct plants. "It is a significant step for Evergreen to have a world class EPC contractor like Bechtel leading the implementation of our K-Fuel and K-Direct plants," said Kevin R. Collins, Evergreen president arid CEO, noting that clean coal technology is a solution to concerns about greenhouse gas emissions. "For a number of groups, K-Fuel fits the bill as clean coal technology that lowers emissions and raises efficiency in coal-fired power plants.