Operations & Maintenance

PIC's Operations & Maintenance subsidiary, PIC-Marubeni Energy Group (PMEG), helps power plant owners realize improved plant performance, providing a competitive advantage that equates to elevated profits and increased asset value.

PMEG is a joint venture company established in October 2005 between The PIC Companies' (PIC) Operation & Maintenance division and Marubeni's Power division.  As the power plant O&M professionals, PIC maintains majority equity and management control of the venture.

PIC signed its first O&M contract in 1994 and over the years has accumulated more than 6500MW of power plant O&M experience covering over 30 facilities worldwide.  Marubeni, founded in 1858, is a global leader in power project execution and development and has a market capitalization of over eight billion US dollars.

The competitive advantage of the PIC-Marubeni union has been momentous. The Marubeni relationship allows PMEG the financial strength and bonding capacity necessary for larger scale projects and also the ability of offer unique O&M solutions such as taking minority ownership position in projects. Through PMEG, Marubeni gains access to the technical expertise, experience, and flexibility that is the hallmark of The PIC Companies.

Please visit our dedicated site: www.PMEG.com .