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NAES Signs Operations and Maintenance Agreements

Posted on July 25, 2006

North American Energy Services Company (NAES), a broad-based provider of services to the power generation industry, announced that it has signed an operations and maintenance agreement with Navasota Energy Partners LP for two facilities currently under construction in the United States state of Texas. The gas-fired, combined cycle power plants - Quail Run Energy Center in Odessa and Colorado Bend Energy Center in Wharton, southwest of Houston - have been permitted to produce 550 MW each and will be constructed in two phases of 275 MW. Phase I is expected to be completed in April of 2007.

The new facilities are being designed using emissions control technology that meets or exceeds all state and federal regulations for plants of this type. The initial staff on site for each project will consist of at least 14 highly-skilled employees and there will be between 150 and 200 employed at the peak of each construction phase.

NAES, headquartered in Issaquah, Washington, U.S.A. is an independent, third-party provider of power plant operations and maintenance services, with an experience base of more than 23 000 MW of generation capacity in a wide range of technologies, fuels, locations, customers and modes of operation. With additional offices in New York City, Pittsburgh, Carneys Point, Portland, and Houston, NAES also provides O&M support, maintenance, construction and repair, gas and steam turbine field services and component repair, and the placement of temporary technical, engineering and management personnel to the generation industry. NAES is owned by ITOCHU International Inc., the U.S. affiliate of ITOCHU Corporation. With operations in over 80 countries covering a broad range of industries, ITOCHU is among the world’s largest corporations.

For more information: www.naes.com

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