Primoris Services Bags 200 MW Thermal Power Project

  • Primoris Services Corp's PRIM Energy/Renewables segment has secured a thermal power project with an estimated value of $100 million.
  • The award is for the engineering, procurement, and construction of 200 MW of thermal power for two different locations in the Southwest.
  • Scope of the project includes all civil, electrical, and mechanical work associated with the construction of new power generation plants adjacent to existing facilities.
  • The project is expected to complete in 2Q22.
  • Price Action: PRIM shares are trading lower by 2.55% at $24.24 on the last check Thursday.
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