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Stock Market & Financial Investment News

News Breaks
June 12, 2014
07:31 EDTPRIMPrimoris announces new power plant award valued at over $55M
Primoris Services Corporation announced a new award for a California power plant valued at over $55M. The new contract was secured by the Industrial division of ARB, Inc., a Primoris subsidiary and part of the West Construction Services segment. Work will commence on the project in the third quarter of 2014 and is scheduled to be completed in the second quarter of 2016. The award is for the Glenarm Repowering Project and was unanimously approved by the Pasadena City Council. The contract consists of design, procurement and construction of a new, more efficient, cleaner generator at the existing power plant. Demolition of the 50-year-old GT-5 steam generator is included in the scope of work.
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June 23, 2015
07:35 EDTPRIMPrimoris announces industrial award valued at over $200M
Primoris Services Corporation announced a new award for a California power plant valued in excess of $200M. The new contract was secured by the industrial division of ARB, a Primoris subsidiary and part of the West Construction Services segment. Work is scheduled to commence in the third quarter of 2015 and to be complete in the fourth quarter of 2017. The award is from a major independent power producer for a 500 megawatt natural gas-fired simple cycle power plant north of San Diego, California. ARB is the lead in a joint venture with Kansas City-based Burns & McDonnell Engineering Company, Inc. The JV will provide engineering, procurement, construction, start-up and commissioning services for this repowering project. The three existing steam boiler units 1, 2, and 3 of the adjacent power plant will be retired upon successful commercial operation of the new facility.
June 22, 2015
07:35 EDTPRIMPrimoris announces underground awards valued at $13M
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