Word: ebasco
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...costs of building and borrowing are skyrocketing. Thus, the cost of a nuclear power plant planned for Midland, Mich., in 1968 was estimated to be $260 million; the plant, not yet finished, is now expected to cost $1.4 billion. In total, says Power Plant Builder Leonard Reichle of Ebasco Services, Inc., a nuke costs $1,005 per kilowatt of generating capacity, while a coal-fired plant costs between $690 and $910 per kilowatt...
Last week two more U.S. companies-Ebasco Services Inc., a subsidiary of the engineering and construction firm of Electric Bond and Share Co., and the investment firm of Allen & Co.-announced that they were combining resources and talents in the Kerman Development Corp., to study the possible development of 50,000 promising square miles of Iran's mountainous south central area...
...simple ceremony took place to mark a great step forward in the industrialization of Greece. There, operation of a new electric-power system, with three hydroelectric power plants, one lignite plant, and 4,300 miles of transmission lines, was turned over to the Greek government by Manhattan's Ebasco Services, which had designed and built the system. Said Ebasco's Harvey Breckenridge, onetime vice president of Pittsburgh's West Penn Power Co.. who supervised construction: "It's the first time in history that a nation has had a power system in such a short time...
...contract has run into another roadblock, this time from the Government's General Accounting Office. GAO's new boss, Comptroller General Joseph Campbell, who voted for the contract as a member of the AEC, has advised the commission to hold it up. He wants ironclad assurances from Ebasco Services Inc., slated to build the big steam plant at West Memphis, Ark., that construction will not cost more than the $104 million estimate. What worries Campbell is a previous Ebasco contract for a steam plant at Joppa, Ill. to supply the AEC. There costs turned...
...time he pulled out 350 carloads of laborers at Joppa, kept the motorcade touring for two days around the plant. Then Bateman pulled out his pipefitters over squabbles about who should unload pipe from trucks. In 29 months, work on the Joppa plant was stopped more than 40 times. Ebasco fell so far behind that the Bechtel Corporation took over its contract (TIME, Oct. 4). The delays added $58 million to the cost of the plant...