Negotiating an Extension of a Gas Turbine Long-Term Service (LTSA) Agreement
Background
Our client, a global energy provider, operated a fleet of gas turbines critical for power generation. The original Long-Term Service Agreement (LTSA) with the gas turbine manufacturer was approaching its expiration. Recognizing the importance of maintaining operational reliability and minimizing downtime, the company decided to negotiate an extension of the LTSA to ensure continued support while upgrading the gas turbine for improved performance and maintainability. And above all, the owner wanted to maintain the plant’s excellent reliability figures, which were above 99%.
