22 December 2016 17:45
Installation of GBS for a new power unit No. 12 of VTGRES

Globaltechexport Ltd. got positive feedback from Interenergo LLC upon installation of the gas booster station of a new CCGTU-420 MW power unit of Verkhnetagilskaya GRES. The companies’ collaboration at that phase included equipment engineering and supply.

06 December 2016 17:18
Positive feedback from Zarubezhenergoproekt

Zarubezhenergoproekt JSC highly appreciated the quality of the gas booster station design documentation prepared by Globaltechexport Ltd. for a new power unit of Verkhnetagilskaya GRES.

EPC/EPCM Services

Globaltechexport Ltd. services in power project implementation play a key role in each project life cycle – from idea generation to product manufacturing and operation. For the maximum customer's convenience our Company uses standard turnkey, EPC (Engineering, Procurement, Construction) and ЕРСМ contracts.

Under ЕРС/ЕРСМ contracts (turnkey contracts), Globaltechexport undertakes full responsibility for quality of each separate project phase and the final result.

The basic differences between EPC and EPCM contracts are as follows:

  • In terms of objectives:
    EPC contracts are mostly used for standard projects, which cumulative costs can be estimated with certainty; EPCM model is used for highly complex projects where the Customer wants to exercise close control of the construction process.
  • In terms of risk distribution:
    In the case of EPC contracts, the Contractor bears the maximum risks while in the case of EPCM they are distributed among the Contractor and the Customer.
  • In terms of price:
    A firm fixed price (Lump Sum) is used in EPC while in EPCM model the price is formed by the Contractor's compensation and direct costs (Cost Plus).
  • In terms of process control:
    In the case of EPC, the Contractor is responsible for subcontractor selection and management, whereas in the case of EPCM contracts, this responsibility is shared by the Contractor and the Customer.