Wind Farm Maintenance Contracts Secured

SeaWest Asset Management recently has signed a contract with the Public Service Company of Colorado, to provide Operations and Maintenance (O&M) services for the next three years on two wind power projects located in Weld County, Colorado. The terms of the contract are such that SeaWest will operate the combined thirty seven (37) turbine project, including twenty two (22) NEG Micon Model 750/48 (750 kW) turbines and fifteen (15) Vestas Model V47 (660 kW) turbines.

San Diego, California – October 13, 2003 [] SeaWest has also renewed its contract with Sunbelt Developers, for a five-year term, with an automatic five-year extension, to continue providing O&M services at its Edom Hill project in Palm Springs, California. The 11 MW Edom Hill project is comprised of 139 Windmatics turbines. Early in 2003, SeaWest launched a concerted effort to expand its O&M services business. Since that time, the company said it has grown 23 percent and added a total of 925 turbines and 88MW to its contract base, making it one of the largest and most long-term providers of O&M services in the industry. “Winning these contracts demonstrates our commitment to growing our asset management services business,” said Marty Crotty, Executive Vice President of Asset Management. “We believe the significant growth is the result of our O&M teams’ focus on asset optimization by implementing cost effective initiatives to improve reliability and efficiency. These performance-based contracts ensure that the interests of both parties are aligned by sharing risk and reward opportunities.” “Due to its extensive operation and maintenance experience, SeaWest is very well qualified for the work of maintaining the Ponnequin projects, and we look forward to a successful term under this new contract,” said Marty Block of Public Service Company of Colorado/Xcel Energy.
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