Worley increases stake in TW Power Services

By Editor


Worley has increased its stake in TW Power Services to 100 percent by buying Ferrovial’s 50 percent shareholding.

The move boosts Worley’s operations and maintenance (O&M) provision for infrastructure projects across Australia, New Zealand and South East Asia.

TWPS, which has over 700 employees, is the largest operations and maintenance service provider in the Australian power sector, with contracts to operate and maintain 12GW+ of diverse power technology facilities, including power stations fuelled by renewable energy sources and gas pipeline assets.

The acquisition will bolster Worley’s existing global Power business, adding to the Group’s already established O&M activities, which currently service over $100 billion of critical infrastructure assets in Australia alone, said Worley CEO Chris Ashton.

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