LS Power has awarded PIC Group the Operation and Maintenance (O&M) contract for the Patriot Hydro Portfolio, which consists of fleet of 42 hydroelectric power assets across 11 US states.
Under the terms of the O&M Agreement, PIC Group will have transitional as well as operational services responsibility to include full care, custody, and control overseeing day to day operations and maintenance services of the fleet through to 2025.
“PIC Group’s proven track record in successfully managing complex programs and larger portfolios of assets uniquely positions them to support the transition, operate and maintain the Patriot Hydroelectric fleet,” commented Anthony Hammond, Senior Vice President, Head of Asset Management at LS Power. “We look forward to working with PIC Group with their professional, customer centric approach to operations and maintenance,” said
“PIC Group’s systematic and knowledge-based approach to operations and maintenance adds value to the assets with the objective of meeting or exceeding the shared goals of compliance with all regulations and requirements, performance through high availability and reliability as well as O&M cost management across the Patriot Hydro assets,” added Frank Avery, President, and CEO at PIC Group.